Expense of issue

11A V.S.A. ch. 006, § 6.28, under Chapter 006: Shares and Distributions.

11A V.S.A. ch. 006, § 6.28

§ 6.28. Expense of issue

A corporation may pay the reasonable expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)