47-1A-604. Fractional shares--Scrip.

A corporation may:

(1)    Issue fractions of a share or pay in money the value of fractions of a share;

(2)    Arrange for disposition of fractional shares by the shareholders;

(3)    Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share.

Source: SL 2005, ch 239, § 60.