Examlex
Bank mergers require government approval because banking officials want to make sure that:
Par Value
A nominal value assigned to shares of stock by the issuing company, which may or may not reflect the shares' market value.
Excess of Par
The difference between the issue price of a stock and its par value, representing additional paid-in capital for the company.
Authorized Stock
The maximum number of shares a corporation is legally permitted to issue, as stated in its articles of incorporation.
Corporate Charter
A legal document issued by a government that establishes a corporation as a legal entity and outlines its rights and obligations.
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