Par value is the value placed on the shares of stock at incorporation by the Secretary of Commerce.

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Par value is the value placed on the shares of stock at incorporation by the directors (or incorporators). This value, which is the same for each share of stock of the same issue, is stated on the corporation's certificate of incorporation. In the case of par value shares, the amount of the capital stock or stated capital is the total par value of all the issued stock.

Par Value Is the Value Placed on the Shares of Stock