A Stock Split, Like Any Other Stock Issuance, Cannot Involve

question 131

True/False

A stock split, like any other stock issuance, cannot involve issuing more shares of stock than authorized in the corporate charter.

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Definitions:

Contract

A legally valid contract between two or more entities, enforceable through the judicial system.

Breach of Confidence

The unauthorized use or disclosure of confidential information that was entrusted to someone in confidence.

Confidential Nature

Pertains to information that is meant to be kept secret or private, often protected due to its sensitivity or the potential consequences of its disclosure.

Spousal Privilege

A legal right that protects a spouse from having to testify against their partner in court.