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2016 Statute
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17-1509. No corporation organized under the provisions of this act shall commence business until at least twenty percent of its capital stock has been paid for in actual cash, and a sworn statement to that effect has been filed with the secretary of state, and his receipt for the same shall be construed as a permit to do business. |
History: L. 1913, ch. 137, § 5; R.S. 1923, 17-1509. |
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