Title 14, Chapter 4, Section 43
( 14-4-43)
A corporation may issue and dispose of its authorized shares without
par value for such consideration as may be authorized or prescribed
in its charter or certificate of incorporation or amendments thereof
or, if there is no provision therein with respect thereto, for such
consideration as may be fixed by the stockholders at a meeting duly
called for that purpose, or by the board of directors when acting
under general or special authority granted by the stockholders or
under general authority conferred by the charter or certificate of
incorporation or amendments thereof. Any and all shares without
nominal or par value issued for the consideration prescribed or
fixed in accordance with this Code section shall be fully paid and
not liable to any further call or assessment thereon; nor shall the
subscriber or holder be liable for any further payment. |