§ 18-1046. Revocability of Pre-Incorporation Subscriptions.  


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  • REVOCABILITY OF PRE-INCORPORATION SUBSCRIPTIONS

    Unless otherwise provided for by the terms of the subscription, a subscription for stock of a corporation to be formed shall be irrevocable, except with the consent of all other subscribers or the corporation, for a period of six (6) months from its date.

Added by Laws 1986, c. 292, § 46, eff. Nov. 1, 1986.