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2011 SESSION

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HB 1992 Banks; capital stock.

Introduced by: Bill Janis | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Banks; capital stock.  Exempts restricted stock award plans from the requirement that a bank's capital stock be paid in money. The measure also provides that a stock option shall not be granted at a price which is less than 100 percent of the fair market value per share of the stock; an existing provision limits such price to 100 percent of the stock's book value as shown by the bank's last published statement prior to the granting of the option.


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