Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
A railroad corporation shall not issue stocks or bonds except for money, labor done or in good faith agreed to be done, or property actually received. Any fictitious increase of stock or indebtedness shall be void.
Cite this article: FindLaw.com - Mississippi Code Title 77. Public Utilities and Carriers § 77-9-191. Fictitiously increasing stock or indebtedness - last updated January 01, 2018 | https://codes.findlaw.com/ms/title-77-public-utilities-and-carriers/ms-code-sect-77-9-191/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.