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Posted On: 11/07/2024 8:36:38 AM
Post# of 87113
What is par value of stock;
Page(3) UNVC Par or stated value: $0.001
Does state regulations apply here, that it can't be sold below the Par value??
Par value, also known as nominal or original value, is the value of a stock certificate as stated in the corporate charter. It is the minimum price at which a corporation can legally sell its shares. For example, if a company issues par-value stock with a par value of $10, then the stock cannot be sold for less than $10.
Par value is often set to comply with state regulations that require that stock not be sold below par value. Most companies set a par value for their stocks at a minimal amount, such as Apple Inc., which has a par value of $0.00001 per share.
Page(3) UNVC Par or stated value: $0.001
Does state regulations apply here, that it can't be sold below the Par value??
Par value, also known as nominal or original value, is the value of a stock certificate as stated in the corporate charter. It is the minimum price at which a corporation can legally sell its shares. For example, if a company issues par-value stock with a par value of $10, then the stock cannot be sold for less than $10.
Par value is often set to comply with state regulations that require that stock not be sold below par value. Most companies set a par value for their stocks at a minimal amount, such as Apple Inc., which has a par value of $0.00001 per share.
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