If No-Par Stock Is Issued Without a Stated Value Then

question 142

Multiple Choice

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

• A) the par value is automatically $1 per share.
• B) the entire proceeds are considered to be legal capital.
• C) there is no legal capital.
• D) the corporation is automatically in violation of its state charter.

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Definitions:

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The ability to walk upright on two legs, a key feature distinguishing humans and our ancestors from other primates, significantly affecting human anatomy and locomotion.

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A permanent alteration in the DNA sequence that makes up a gene, which can result in a variant form that may be passed down through generations.

Detoxification

The process of removing toxic substances or qualities.

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A facial feature where the chin extends beyond the plane of the face, often considered a characteristic of certain hominid fossils and modern humans.