par-value stock

par-value stock

Stock originally issued for a fixed value derived by dividing the total value of capital stock by the number of shares to be issued.

? The par value does not bear a necessary relation to the actual stock value because surplus plays a role in the valuation. [Cases: Corporations 62. C.J.S. Corporations ¡ì¡ì 126, 128, 148¨C151.]


What is the Chinese interpretation of par-value stock?
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