Question: Multiple Answers What is a stated value and why is a stated value used on no par stock rather than issuing par value shares? 1

Multiple Answers What is a stated value and why is a stated value used on no par stock rather than issuing par value shares? 1. A stated value is an arbitrary value placed on no par stock by a board of directors resolution. 2. Dividends cannot be distributed from capital surplus. 3. A stated value is an arbitrary value placed on no par stock and is included in the articles of incorporation approved the state attorney general. 4. The stated value can create capital surplus on issuance that can be used for dividend distributions. 5. A stated value can only be changed by shareholder approval. 6. A stated value is not a restrictive as par value and can be changed by a resolution by the board of directors. mention correct numbers

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