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Section 59. Subscription Contract - Revised Corporation Code

Section 59. Subscription Contract of Revised Corporation Code. Section 59. Subscription Contract. - Any contract for the acquisition of unissued stock in an existing corporation or a corporation still to be f

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Revised Corporation Code

Section 59. Subscription Contract. - Any contract for the acquisition of unissued stock in an existing corporation or a corporation still to be formed shall be deemed a subscription within the meaning of this Title, notwithsatnding the fact that the parties refer to it as a purchase or some other contract.

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