If no-par stock is issued without a stated value, then: The par value is automatically $1 per

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If no-par stock is issued without a stated value, then:

The par value is automatically $1 per share.

The entire proceeds are considered to be legal capital.

There is no legal capital.

The corporation is automatically in violation of its state charter.

Related Book For answer-question

Canadian Income Taxation planning and decision making

ISBN: 9781259094330

17th edition 2014-2015 version

Authors: Joan Kitunen, William Buckwold

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Posted Date: Oct 10, 2018 02:45 AM

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If no-par stock is issued without a stated value, then: The par value is automatically $1 per

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Canadian Income Taxation planning and decision making

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