Title 42, The Public Health and WelfareRelease 119-102
§3935 Financing the Corporation
Title 42 › CHAPTER 49 — NATIONAL HOUSING PARTNERSHIPS › § 3935
Summary
A corporation may issue the number of shares its articles of incorporation allow. Shares can be split into one or more classes, with or without par value, and the articles must state each class’s rights and any limits, including limiting or denying voting rights.
Full Legal Text
Title 42, §3935
The Public Health and Welfare, Source: USLM XML via OLRC
The corporation shall have the power to create and issue the number of shares stated in its articles of incorporation. Such shares may be divided into one or more classes, any or all of which classes may consist of shares with par value or shares without par value, with such designations, preferences, voting powers, and special or relative rights and such limitations, restrictions, or qualifications thereof as shall be stated in the articles of incorporation. The articles of incorporation may limit or deny the voting power of the shares of any class.
Reference
Citations & Metadata
Citation
42 U.S.C. § 3935
Title 42, The Public Health and Welfare
Last Updated
Aug 21, 2026
Release point: 119-102