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ALL » Topics » Section 7. Stock Subscriptions

This excerpt taken from the ALL 8-K filed Sep 19, 2008.
Section 7.  Stock Subscriptions.  Unless otherwise provided for in the subscription agreement, subscriptions for shares shall be paid in full at such time, or in such installments and at such times, as shall be determined by the Board.  Any call made by the Board for payment on subscriptions shall be uniform as to all shares of the same class or as to all shares of the same series.  In case of default in the payment of any installment or call when such payment is due, the corporation may proceed to collect the amount due in the same manner as any debt due the corporation.

 

This excerpt taken from the ALL 8-K filed Jul 25, 2008.
Section 7.  Stock Subscriptions.  Unless otherwise provided for in the subscription agreement, subscriptions for shares shall be paid in full at such time, or in such installments and at such times, as shall be determined by the Board.  Any call made by the Board for payment on subscriptions shall be uniform as to all shares of the same class or as to all shares of the same series.  In case of default in the payment of any installment or call when such payment is due, the corporation may proceed to collect the amount due in the same manner as any debt due the corporation.

 

EXCERPTS ON THIS PAGE:

8-K
Sep 19, 2008
8-K
Jul 25, 2008

RELATED TOPICS for ALL:

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