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Section 65. Interest on Unpaid Subscriptions - Revised Corporation Code

Section 65. Interest on Unpaid Subscriptions of Revised Corporation Code. Section 65. Interest on Unpaid Subscriptions. - Subscribers to stock shall be liable to the corporation for interest on all unpaid subscriptions

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

Revised Corporation Code

Section 65. Interest on Unpaid Subscriptions. - Subscribers to stock shall be liable to the corporation for interest on all unpaid subscriptions from the date of subscription, if so required by and at the rate of interest fixed in the subscription contract. If no rate of interest is fixed in the subscription contract. If no rate of interest is fixed in the subscription contract, the prevailing legal rate shall apply.

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