A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 3 - Business Corporations
Subchapter IV - Shares and Distributions
§ 29–304.20. Subscription for shares before incorporation
§ 29–304.21. Issuance of shares
§ 29–304.22. Liability of shareholders
§ 29–304.25. Form and content of certificates
§ 29–304.26. Shares without certificates
§ 29–304.27. Restriction on transfer of shares and other securities