O.C.G.A.
O.C.G.A.

O.C.G.A. § 52-5-7 (2019)

Opening books of subscription for capital stock; restriction on increase of capital stock

✓ O.C.G.A.: 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
Find cases: SyfertCases citing this section GA-LEGlegis.ga.gov (official) JustiaJustia CornellLII Search CasesGoogle Scholar

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.

WATERS OF STATE, PORTS & WATERCRAFT

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 18A Am. Jur. 2d, Corporations, §§ 187, 403, 480 et seq., 487, 488, 509 et seq., 527, 614 et seq.

C.J.S. - 18 C.J.S., Corporations, §§ 185 et seq., 242 et seq.