Title 14, Chapter 4, Section 45
( 14-4-45)
Upon the organization of any corporation having shares of stock
without par value, the petition, declaration, or other application
for incorporation required by law, in addition to other matters
required to be stated, shall state: (1) The number of shares with par value and the number of shares
without par value that may be issued and the designation of the
classes, if any, into which such shares are divided; (2) The par value of the shares, if any, other than the shares to
be without par value; and (3) If there are to be two or more classes of stock, a description
of the different classes including a statement of the respective
preferences, restrictions, and qualities thereof. |