Rhode Island: General Laws of Rhode Island, 1896. South Carolina: Revised Statutes of South Carolina, 1893. Texas: Revised Statutes of Texas, 1895. Utah: Revised Statutes of Utah, 1898. Virginia: Code of Virginia, 1887. Washington: General Statutes of Washington, 1891. West Virginia: Code of West Virginia, 1891. Wisconsin: Wisconsin Statutes: Sanborn and Berryman's Annotations, DIGEST OF CORPORATION LAWS. I. THE AMOUNT OF THE AUTHORIZED CAPITAL STOCK. A. THE STATUTORY MINIMUM. a. Five hundred dollars ($500). Vt.: Stat., § 3728. Va.: Code, § 1148; L. 1890, p. 56. b. One thousand dollars ($1,000). Mass.: Corporations for cooperative trade. P. S., Ch. 106, Mich.: Corporations for manufacturing cheese or other products of milk. Stat., § 4161, a, 1. N. H.: P. S., Ch. 147, § 6. c. Two thousand dollars ($2,000). Del.: L. 1899, Ch. 273, § 7, ¶ 4. Mo.: R. S., § 2772. N.J.: L.1898, Ch.172, § 2. d. Five thousand dollars ($5,000). La.. L. 1888, p. 27. Mass.: Except corporations for cooperative trade. (See a, 2, supra) P. S., Ch. 106, §§ 8, 9, 11, 13, 14; L. 1899, Ch. 199. Mich.: Except corporations for manufacturing cheese, etc. (See a, 2, supra.) Stat., § 4161, a, 1. e. Ten thousand dollars ($10,000). Minn.: Except manufacturing or mechanical corporations. B. THE STATUTORY MAXIMUM. a. One hundred thousand dollars ($100,000). Mass.: Corporations for cooperative trade. P. S., Ch. 106, $9. b. Five hundred thousand dollars ($500,000). Mass.: Except corporations for cooperative trade (see b, supra); and except manufacturing and mechanical corporations, unlimited. P. S., Ch. 106, §§ 8, 11, 13, 14; L. 1899, Ch. 199. c. One million dollars ($1,000,000). N. H.: P.S., Ch. 147, § 6. No. Car.: L. 1899, Ch. 170. Pa.: Except mechanical, mining, quarrying, or manufacturing corporations. (See b, 4, infra.) Corp., § 38; P. L., 1899, p. 189, § 2. Vt.: Stat., § 3728. d. Five million dollars ($5,000,000). Mich.: Stat., § 4161, a, 1. Pa.: Mechanical, mining, quarrying, or manufacturing corporations (but may increase subsequently to any amount). Corp., § 38; P. L., 1899, p. 189, § 2. W. Va.: Code, Ch. 54, § 5. e. Ten million dollars ($10,000,000). Ala.: Civ. Code, § 1259. Me.: R. S., Ch. 48, § 16; L. 1891, Ch. 99. Mo.: R. S., § 2772. f. The maximum shall not exceed twenty times the minimum capital. Va.: L. 1890, p. 56. g. There is no limitation either on the maximum or minimum Ariz.; Ark.; Cal.; Col.; Conn.; D. C.; Fla.; Ga.; Ida.; Ill.; II. THE ORGANIZATION TAX OR LICENSE FEE. (NOTE. This title does not include annual taxes, nor the nominal clerical fees for the recording or publication of the articles of incorporation—usually fixed at so much per page-which have not been deemed of sufficient importance for tabulation.) A. THE FEE IS GRADED ACCORDING TO THE AMOUNT OF CAPITAL 1. Domestic or foreign corporations with capital up to $25 Over $500,000, but not exceeding $1,000,000, fee.. 200 250 Ala.: Civ. Code, §§ 1287, 1321. 2. Domestic or foreign corporations with capital up to For each $1,000 in excess of $50,000, fee.. For each $1,000 in case of consolidation, fee 252A- -18 $10.00 .15 .15 .15 3. Corporations which are not limited by their charter to doing business within the State: For each $1,000 of subscribed capital stock up to Ill.: Stat., Ch. 32, § 62; L. 1899, p. 117. Where increase up to $5,000 franchise shall not be acquired less than On each $1,000 of increase in excess of $5,000, fee 5. On capital up to $10,000, fee... For each $1,000 in excess of $10,000, fee. - - For each $1,000 of subsequent increase, fee.. Ia.: L. 1898, Ch. 40. 6. On first $100,000 of capital stock, fee On next $400,000 or fraction thereof, fee For each $1,000,000 or major part thereof, fee 1 of 1% Kan.: L. 1898, Ch. 10, §§ 6, 7. 7. (a) Corporations authorized by special charter: Where capital stock does not exceed $5,000, fee... $15 25 Over $10,000, but not exceeding $50,000, fee.. 75 Over $50,000, but not exceeding $100,000, fee. (b) Corporations organized according to general law: 125 60 $10 50 10 For each $100,000 of increase (but in no case less 10 Me.: L. 1893, Chs. 185, 212; L. 1897, Ch. 225. 8. Where capital stock does not exceed $50,000, fee.....--- $50 For each $10,000 or fraction thereof in excess of $50,000, fee 5 For each $10,000 or fraction thereof of subsequent increase, fee.. 5 Minn.: Stat., §§ 3391, 3392. Except corporations for strictly manufacturing pur poses. Stat., § 3393. Foreign corporations on same footing as domestic. Stat., §3425. Mo.: Constit. Art. 10, §21; R. S., § 2493. Same fees for foreign corporations upon the proportion of their capital stock represented by property located and business transacted in the State. L. 1891, pp. 75, 101. For certificate of incorporation, fee of $10, L. 1899, p. 130, $3. No. Dak.: Civ. Code, § 2865. 9. For capital stock up to $1,000,000 for each $1,000, fee. $0.50 For capital stock in excess of $1,000,000 for each $1,000, fee But in no case shall the fee be less than $20 or more .25 than $1,000. Mont.: L. 1899, Ch. 151, § 1. 10. Corporations which are not to carry on business or have their principal office within the State: Where amount of capital stock or increase does not exceed $25,000, fee .. $10 Over $25,000, but not exceeding $100,000, fee. 25 50 100 200 N. H.: P. S., Ch. 14, §§ 5, 6; L. 1895, Ch. 18. 11. (a) Domestic or foreign corporations for mining, milling, or smelting: For capital stock not exceeding $100,000, fee..... $25 For each additional $100,000 or fraction thereof, fee 5 (b) Domestic or foreign corporations for manufacturing or other industrial purposes: For capital stock not exceeding $10,000, fee. $10.00 fee For each $1,000 of subsequent increase or de crease, fee. N. Mex: L. 1899, p. 171, § 1. 12. Foreign corporations with capital not exceeding $100,000, fee Over $100,000, but not exceeding $300,000, fee. Ohio: Stat., § 3269, T 5; L. 1898, p. 228. So. Car.: L. 1896, No. 45, §§ 9, 10; L. 1899, p. 54. 2.00 .25 $15 20 25 30 50 $5 10 15 20 25 1 |