1. (a) Clear reference to the fact that the corporation is a close corporation shall appear prominently:

   1. (1) At the head of the charter document in which the election to be a close corporation is made;
   2. (2) In each subsequent charter document of the corporation; and
   3. (3) On each certificate representing outstanding stock of the corporation.
2. (b) The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.

Formerly Art. 23, § 100.