A class of stock that can usually be issued at any price without creating a minimum legal capital deficiency is called:

Question

Quizplus · Accepted Answer

No-par stock is not required to have a specific par value, meaning it can be issued at any price without creating a minimum legal capital deficiency. This type of stock is common in jurisdictions that do not require companies to specify par value or those that have abolished par value.

A Class of Stock That Can Usually Be Issued at Any