In Jurisdictions Where Par Value Shares Are Legally Allowed, the Only

Multiple Choice

In jurisdictions where par value shares are legally allowed, the only real significance of par value is

A) to enable the shares to be callable or convertible.
B) to require the corporation to pay dividends.
C) to establish the maximum responsibility of a shareholder in the event of insolvency.
D) to establish the maximum price at which the shares can be sold.