Section 4-30-112 - Percentage of stock ownership limited - Voting by members

(a) No person shall be allowed to own or have an interest in more than ten percent (10%) of the capital stock of the corporation.(b) Voting upon all questions shall be by members and not by stock.Acts 1921, No. 632, § 8; Pope's Dig., § 2270; A.S.A. 1947, § 64-1509.