If the stock has no stated value assigned to it by the articles of incorporation,the board of directors may assign a par value when the shares are issued.

Name: If the stock has no stated value assigned to it by the articles of incorporation,the board of directors may assign a par value when the shares are issued.
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The board of directors cannot assign a par value to shares if the articles of incorporation do not state one; shares without a stated value are considered "no-par" shares.

If the Stock Has No Stated Value Assigned to It