Georgia Code
Chapter 5 - Navigation Companies
§ 52-5-7. Opening Books of Subscription for Capital Stock; Restriction on Increase of Capital Stock

When the certificate has been issued, the persons named therein, in case they shall not have subscribed for the entire capital stock, may open books of subscription to complete the subscription to the capital stock of the company, in such manner and for such amount per share as they may deem proper and expedient, and may receive the subscriptions until the entire capital stock is subscribed. In no case shall the capital stock be increased except as provided in this chapter.
History. Ga. L. 1894, p. 71, § 4; Civil Code 1895, § 2152; Civil Code 1910, § 2570; Code 1933, § 17-206.

<< Previous

Next >>

Structure Georgia Code

Georgia Code

Title 52 - Waters of the State, Ports, and Watercraft

Chapter 5 - Navigation Companies

§ 52-5-1. Granting of Corporate Powers and Privileges by Secretary of State

§ 52-5-2. Filing of Petition for Incorporation; Contents of Petition; Attachment of Affidavit of Incorporators; Endorsement, Recordation, and Filing of Petitions by Secretary of State

§ 52-5-3. Issuance of Certificate of Incorporation Generally

§ 52-5-4. Time of Commencement of Corporate Existence; Payment of Fee for Issuance of Certificate

§ 52-5-5. Duty of Secretary of State to Assure Company’s Compliance With Chapter Prior to Issuance of Certificate; Certificate as Constituting Evidence of Corporation’s Existence and Compliance With Chapter

§ 52-5-6. Organization of Company; Quorum; Election of First Board of Directors; Qualifications of Directors; Election and Appointment of Officers and Agents; Annual Election Of, and Filling of Vacancies On, Board of Directors