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Simple English definitions for legal terms

no-par stock

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A quick definition of no-par stock:

A no-par stock is a type of stock where the value of the stock is not based on a guaranteed minimum value (called the par value) set at the time of issuance. Instead, the value of the stock is determined by the market. This means that investors rely completely on the market to determine the value of their shares. No-par stocks were originally used to give corporations more flexibility in selling their stocks and using their resources, but today, most states allow corporations to issue par value stocks with a very low value, essentially avoiding any difficulties with the par value.

A more thorough explanation:

No-par stock is a type of stock where the value of the shares is not based on a guaranteed minimum value, known as the par value. Instead, the value of the shares is determined by the market. This means that investors rely completely on the market to determine the value of their shares.

For example, if a company issues 100 shares of no-par stock and the market determines that each share is worth $10, then the total value of the shares would be $1,000.

No-par stocks were originally used to provide greater flexibility for corporations in selling their stocks and using their resources. However, today, most states allow corporations to issue par stock with a very low par value, such as one penny, which eliminates the need for no-par stock.

Overall, no-par stock is a type of stock that does not have a guaranteed minimum value and relies completely on the market to determine its value.

No-Knock Warrant | Noise ordinance

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i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
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omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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