[Extension of time for assessment payment or stock sale; restrictions.]

Checkout our iOS App for a better way to browser and research.

The dates fixed in any notice of assessment, or notice of delinquent sale, may be extended from time to time for not more than thirty days, by order of the directors, entered in the journal of their proceedings; but no order extending the time for the performance of any act specified in any notice shall be effectual unless notice of such extension or postponement is appended to and published with the notice to which the order relates.

History: Laws 1878, ch. 1, ch. [tit.] 5, § 6; C.L. 1884, § 2660; C.L. 1897, § 3842; Code 1915, § 4663; C.S. 1929, § 116-111; 1941 Comp., § 74-124; 1953 Comp., § 69-1-24.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.


Download our app to see the most-to-date content.