True/False
No par value is the value placed on the shares of stock at incorporation by the Secretary of Commerce.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q39: A corporation is a domestic corporation in
Q40: Dividends are the net profits,or surplus,set aside
Q41: Henry,a promoter,signs a five-year lease agreement for
Q42: Nodest Co. ,a Delaware corporation,wants to do
Q43: Clothe You Inc.was incorporated as a nonprofit
Q45: The operating agreement is the written application
Q46: If NEWCo.was not properly incorporated,but the owners
Q47: The status of a de facto corporation
Q48: Zeno Corp.has issued common stock and noncumulative
Q49: Janet is the promoter of a corporation