Stock and Dividends | Midpage

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Delaware Code

V

Stock and Dividends

151Classes and series of stock; redemption; rights 152Issuance of stock; lawful consideration; fully paid stock 153Consideration for stock 154Determination of amount of capital; capital, surplus and net assets defined 155Fractions of shares 156Partly paid shares 157Rights and options respecting stock 158Stock certificates; uncertificated shares 159Shares of stock; personal property, transfer and taxation 160Corporation’s powers respecting ownership, voting, etc., of its own stock; rights of stock called for redemption 161Issuance of additional stock; when and by whom 162Liability of stockholder or subscriber for stock not paid in full 163Payment for stock not paid in full 164Failure to pay for stock; remedies 165Revocability of preincorporation subscriptions 166Formalities required of stock subscriptions 167Lost, stolen or destroyed stock certificates; issuance of new certificate or uncertificated shares 168Judicial proceedings to compel issuance of new certificate or uncertificated shares 169Situs of ownership of stock 170Dividends; payment; wasting asset corporations 171Special purpose reserves 172Liability of directors and committee members as to dividends or stock redemption 173Declaration and payment of dividends 174Liability of directors for unlawful payment of dividend or unlawful stock purchase or redemption; exoneration from liability; contribution among directors; subrogation