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LSDefine

Simple English definitions for legal terms

no par

Read a random definition: collateral-benefit rule

A quick definition of no par:

No par stock is a type of stock that is issued without a specific value assigned to it. Instead, it is given a legal or stated value that may not reflect its actual value. This type of stock is often used for accounting purposes and may have little or no connection to its true value.

A more thorough explanation:

Definition: Stock issued without a specific value assigned to it. For accounting purposes, it is given a legal or stated value that has little or no connection to the stock's actual value.

Example: A company issues 1000 shares of no par stock. The company's board of directors decides to assign a legal value of $1 per share. This means that the company's total capital is $1000. However, the actual value of the stock may be higher or lower than $1 per share.

Explanation: No par stock is a type of stock that does not have a specific value assigned to it. Instead, it is given a legal or stated value for accounting purposes. This value may not reflect the actual value of the stock. For example, a company may issue 1000 shares of no par stock and assign a legal value of $1 per share. However, the actual value of the stock may be higher or lower than $1 per share. This allows companies to have more flexibility in setting the value of their stock and can make it easier to issue new shares in the future.

nonwaiver agreement | no-par-value stock

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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