Legal capital per share cannot be equal to the

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Legal capital per share cannot be equal to the total proceeds from the sale of par value shares above par value. This is because the legal capital represents the minimum amount of funds that must remain invested in a corporation's business and cannot be returned to shareholders as dividends or other distributions. The excess proceeds from the sale of par value shares above their par value do not constitute legal capital and can be returned to shareholders as dividends or used for other purposes. Legal capital per share can be equal to the par value per share of par value shares, or the stated value per share of no-par value shares, or the total proceeds from the sale of no-par value shares, as long as these amounts represent the minimum legal capital requirement.

Legal Capital Per Share Cannot Be Equal to the