What States Offer No Par Value Stock

What States Offer No Par Value Stock

The following states have passed legislation authorizing the issue of no par value stock: Alabama, California, Colorado, Delaware, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, Utah, Virginia, West Virginia, Wisconsin.

NOTE: While a Bulletproof Trust can have no par value stock, the corporation serves as a public operating entity and therefore can have $0.01 par value stock without affecting the trust's protections.

    • Related Articles

    • Must Par Value Be Legally Set at $0.01 When Filing

      Par value is an open interpretation of what a stock's value should be. This is usually set at a minimal amount, such as $0.01 per share, since some state laws still require that a company cannot sell shares below the par value (i.e. $0.0000001). By ...

    • What Is The Difference Between Common Stock and Preferred Stock Corporations

      The main difference between preferred and common stock corporations is that preferred stock gives no voting rights to shareholders while common stock does. In other words, the template given for the Articles of Incorporation makes the corporation a ...

    • Authorized Capital Shares vs Issues (Common) Shares

      Issued shares are the shares sold to and held by investors of a company (thus a certain number of shares MUST exist). Issued shares (aka common stock) capital is simply the monetary value of the shares of stock a company actually offers for sale to ...

    • Louisiana Has French Civil Law vs English Common Law - What To Do

      The French civil law applies to any Louisiana state citizen who claims their natural rights without federal jurisdiction, e.g. not claiming to be a 14th Amendment Citizen. The laws are similar, save three scenarios: (1), gifts are more easily valid ...

    • Operating 2 Businesses in 2 Different States

      It is easy to obtain a separation of liability between businesses. Forming a new entity in different states is one way to provide liability separation. If one business goes bankrupt, the assets of the other business cannot be used to pay off its ...