Sec. 8. (a) Except as provided in subsection (b), the capital stock of a corporation incorporated under this chapter may not exceed five hundred thousand dollars ($500,000). (b) The capital stock of a corporation incorporated under this chapter may be increased by the vote of the stockholders at: (1) an annual meeting of the stockholders; or (2) a meeting called especially to increase the capital stock; to an amount not exceeding one million dollars ($1,000,000). [Pre-2008 Recodification Citation: 15-1-2-7.]
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