§ 2-305. Expenses of organization, reorganization, and financing

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The corporation may pay or allow out of the consideration received by it for its stock, the reasonable charges and expenses of its organization or reorganization and the reasonable compensation for the sale or underwriting of its stock, without rendering the stock not full paid and nonassessable and without impairing the stated capital.

HISTORY: An. Code 1957, art. 23, § 26; 1975, ch. 311, § 2.

                    
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