Issuance Flashcards
1
Q
Issuance of stock
A
when a corp sells its own stock
2
Q
Par value
A
minimum issuance price
3
Q
No par stock
A
no minimum issuance price
any valid consideration deemed adequate by the board
4
Q
Treasury stock
A
5
Q
Preemptive rights
A
shareholder can maintain their ownership percentage by buying stock when there is a new issuance
Rights only exist if articles specifically say so
