Section 275.070 - Capital stock to be divided into shares - value of stock1. That associations organized under the provisions of this chapter shall have a capital stock divided into shares having a par value, or having no par value, as the incorporators in their articles of association may determine.2. If such shares have a par value, the par value thereof shall not be less than ten dollars nor more than one hundred dollars, and if such shares have no par value, they may be issued to the incorporators and others at not less than ten dollars nor more than one hundred dollars per share, as shall be determined by the incorporators in their articles of association.Prior revision: 1929 § 12713