In many states, the minimum amount that stockholders must contribute to the corporation, and which is intended to protect the creditors of the corporation, is called the:

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Minimum legal capital is the minimum amount that a corporation's stockholders must contribute, and which serves as protection for the creditors in case the corporation's assets are not sufficient to cover its obligations. Par value of preferred and stated value are terms related to the specific values assigned to different classes of stock, while premium capital and working capital refer to different types of funding for the corporation.

In Many States, the Minimum Amount That Stockholders Must Contribute