No par value shares are common stock on which the corporation has set the lowest price at which the shares may be issued by the corporation.

Name: No par value shares are common stock on which the corporation has set the lowest price at which the shares may be issued by the corporation.
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Question

Quizplus · Accepted Answer

No par value shares are shares that have not been assigned a specific value by the corporation. The corporation does not set a minimum issuing price for these shares.

No Par Value Shares Are Common Stock on Which the Corporation