Shares of stock and dividends prohibited

(a) A corporation shall not have or issue shares of stock. (b) No dividend shall be paid and no part of the income of a corporation shall be distributed to its members, directors, or officers. Acts 1963, No. 176, § 8; A.S.A. 1947, § 64-1908. (a) A corporation shall not have or issue shares of stock. (b) No dividend shall be paid and no part of the income of a corporation shall be distributed to its members, directors, or officers. Acts 1963, No. 176, § 8; A.S.A. 1947, § 64-1908.