nonassessable stock
Stock owned by a holder whose potential liability is limited to the amount paid for the stock and who cannot be charged additional funds to pay the issuer’s debts.
? Stock issued in the United States is usu. nonassessable. [Cases: Corporations 78, 175. C.J.S. Corporations ¡ì¡ì 188, 192, 316.]
How to translate the legal term nonassessable stock in Chinese?
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