Section 58-26-4 - Preferred or guaranteed stocks--Method of computing value approved by director

58-26-4. Preferred or guaranteed stocks--Method of computing value approved by director.Preferred or guaranteed stocks or shares while paying full dividends may be carried at a fixed value in lieu of market value, at the discretion of the director and in accordance with such method of computation as he may approve. Source: SL 1966, ch 111, ch 5, §13 (2).