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Re: integral post# 88179

Monday, 05/11/2015 12:35:27 PM

Monday, May 11, 2015 12:35:27 PM

Post# of 234106
I expected this:
"The board of directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation, including, but not limited to, cash, promissory notes, services performed, contracts for services to be performed or other securities of the corporation."

That defines the consideration without any distinction as to the recipient and that's where I was trying to aim my question.
Would you expect the above to apply if the recipients were directors or officers? Perhaps a Federal rule? There appears to be no issue with the NRS.

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