LOCAL LOANS (REGISTERED STOCK AND SECURITIES) ACT
Section 10: Registration of first stock holders.
No person shall be registered as a first stock holder of any registered stock except upon payment in full of the purchase price of that stock.
Cite this section
Section 10, LOCAL LOANS (REGISTERED STOCK AND SECURITIES) ACT (1946).
https://repo.podus.ai/laws/local-loans-registered-stock-and-securities-act/section/10/