Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition by Marianne Jennings

تمرين 6

What happens if a shareholder does not pay at least par value for his shares?
A) He is personally liable for the difference between what was actually paid and the par value.
B) Nothing, because par value is irrelevant in terms of the shares' value.
C) He is not really a shareholder until he pays the full par value.
D) He has committee securities fraud.