Legislation
ARTICLE 5
Corporate Finance
Business Corporation (BSC) CHAPTER 4
ARTICLE 5
CORPORATE FINANCE
Section 501. Authorized shares.
502. Issue of any class of preferred shares in series.
503. Subscription for shares; time of payment, forfeiture for
default.
504. Consideration and payment for shares.
505. Rights and options to purchase shares; issue of rights and
options to directors, officers and employees.
506. Determination of stated capital.
507. Compensation for formation, reorganization and financing.
508. Certificates representing shares.
509. Fractions of a share or scrip authorized.
510. Dividends or other distributions in cash or property.
511. Share distributions and changes.
512. Redeemable shares.
513. Purchase, redemption and certain other transactions by a
corporation with respect to its own shares.
514. Agreements for purchase by a corporation of its own shares.
515. Reacquired shares.
516. Reduction of stated capital in certain cases.
518. Corporate bonds.
519. Convertible or exchangeable shares and bonds.
520. Liability for failure to disclose required information.
CORPORATE FINANCE
Section 501. Authorized shares.
502. Issue of any class of preferred shares in series.
503. Subscription for shares; time of payment, forfeiture for
default.
504. Consideration and payment for shares.
505. Rights and options to purchase shares; issue of rights and
options to directors, officers and employees.
506. Determination of stated capital.
507. Compensation for formation, reorganization and financing.
508. Certificates representing shares.
509. Fractions of a share or scrip authorized.
510. Dividends or other distributions in cash or property.
511. Share distributions and changes.
512. Redeemable shares.
513. Purchase, redemption and certain other transactions by a
corporation with respect to its own shares.
514. Agreements for purchase by a corporation of its own shares.
515. Reacquired shares.
516. Reduction of stated capital in certain cases.
518. Corporate bonds.
519. Convertible or exchangeable shares and bonds.
520. Liability for failure to disclose required information.