Definition of No-par-value stock
1. Noun. Stock with no par value specified in the corporate charter or on the stock certificate.
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Lexicographical Neighbors of No-par-value Stock
Literary usage of No-par-value stock
Below you will find example usage of this term as found in modern and/or classical literature:
1. Business Law: A Working Manual of Every-day Law by Thomas Conyngton (1920)
"... by the corporate property, as for instance, in cases of unwarranted stock dividends. §354. No Par Value Stock In some states, as in New York ..."
2. Financing an Enterprise by Hugh Ronald Conyngton (1921)
"Under the system of no-par-value stock, this difficulty is entirely removed. As much no-par-value stock can be issued as is required to represent the ..."
3. Accounting Theory and Practice by Roy Bernard Kester (1918)
"In the case of no-par-value stock even greater care must be exercised to see that the contributed capital shall never be encroached upon in the declaration ..."
4. Corporation Procedure: Law, Finance, Accounting by Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton, Hugh Ronald Conyngton (1922)
"In summary, then, it may be said that the Surplus account of corporations with no-par-value stock should be handled like that of corporations with par-value ..."
5. The Financial Policy of Corporations by Arthur Stone Dewing (1920)
"This is the most important case of no par value stock thus far issued. ** The Chicago Railways Company, that controls the surface lines, was created with a ..."
6. The Federal Income Tax by Thomas Sewall Adams, Thomas Reed Powell (1921)
"So-called "no-par-value stock" issued under a statute or statutes which require the corporation to fix in a certificate or on its books of account or ..."
7. Advanced Accounting by George Edward Bennett (1922)
"The Capital Stock account should reflect the value of whatever the no par value stock was issued for,—whether for cash, property, or services. ..."
8. Public Accounting and Auditing by John F. Sherwood (1920)
"A stock certificate also specifies the number of shares which it represents. Stock of No Par Value. Stock of no par ..."