Legal Question in Business Law in California
Stock Issuance
Does the State of California allow ''no par value'' common stocks to be issued?
Asked on 10/07/05, 10:15 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: Stock Issuance
You bet! The vast majority of new incorporations nowdays specify that the capital stock shall be without par value. I can't think of any really good reason to do otherwise, although academics could legitimately differ on this question.
Answered on 10/08/05, 2:22 am
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