Capital, Stock, and Stockholders | Midpage

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United States Code

Subchapter II

Capital, Stock, and Stockholders

51aPreferred stock; issuance authorized 51bDividends, voting, and retirement of preferred stock; individual liability 51b–1Consideration of preferred stock in determining impairment of capital; dividends; retirement 51c“Common stock”, “capital”, and “capital stock” defined 52Par value and incidents of stock; transfer of shares 53When capital stock paid in 55Enforcing payment of deficiency in capital stock; assessments; liquidation; receivership 56Prohibition on withdrawal of capital; unearned dividends 57Increase of capital by provision in articles of association 59Reduction of capital 60National bank dividends 61Shareholders’ voting rights; cumulative and distributive voting; preferred stock; trust shares; proxies, liability restrictions; percentage requirement exclusion of trust shares 62List of shareholders 64aIndividual liability of shareholders; limitation on liability 66Personal liability of representatives of stockholders 67Individual liability of shareholders; compromises; authority of receiver