Official Code of Georgia Annotated

Title 52. WATERS OF THE STATE, PORTS, AND WATERCRAFT · Chapter 5. NAVIGATION COMPANIES

52-5-7. Opening books of subscription for capital stock; restriction on increase of capital stock.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

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.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Ga. L. 1894, p. 71, § 4; Civil Code 1895, § 2152; Civil Code 1910, § 2570; Code 1933, § 17-206.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t52-t53-(v40)-2021-pdf.pdf, Volume V40, 2021 edition, page 73; merge action: carried; file SHA-256 062775612dfc.