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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 158 CERTAIN MISCELLANEOUS CORPORATIONS
  • Section 23 Special charter corporations; fixing and limiting of capital stock

Section 23. The amount of the capital stock of every corporation established by special charter shall, at the first meeting of the corporation, unless the charter otherwise provides, be fixed and limited by the corporation and divided into shares, of which a record shall be made by the clerk.