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no-par AGG ECON

no-par shares

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The new corporation was capitalized at 5,000,000 preferred shares and 5,000,000 shares of no-par value common stock. en.wikipedia.org

In modern practice, par value is an antiquated concept and no-par stock is increasingly common. en.wikipedia.org

The no-par stock was changed to a par value of $10 and 400,000 shares were issued in 1924. en.wikipedia.org

No-par stocks often require the board of directors of a company to determine a stated value when issuing no-par stock to replace the par-determined capital amounts. en.wikipedia.org

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