Subscription Calls

11 GCA § 106210 — under Banks.

11 GCA § 106210

After a charter has been granted, the directors may call for the payment of the subscriptions in full within 30 days from the date of the notice. No share shall be issued until the par value and the pro rata portion of the paid-in surplus specified in the charter have been paid in full in cash. SOURCE: GC § 30507.