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LSDefine

Simple English definitions for legal terms

paid-up stock

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A quick definition of paid-up stock:

Paid-up stock refers to a type of stock where the shareholder has already paid the full amount for the shares they own, and no further payments are required. This means that the company cannot demand any more money from the shareholder. Paid-up stock is a type of equity security issued by a corporation, and it grants the shareholder the right to participate in the company's general management and to share in its net profits or earnings.

A more thorough explanation:

Definition: Paid-up stock is a type of stock that has been fully paid for by the shareholder and no further payments can be demanded by the issuing company.

Example: If a company issues 100 shares of paid-up stock and a shareholder buys 10 shares, they must pay the full price for those 10 shares upfront. The shareholder cannot be asked to pay any more money for those shares in the future.

Explanation: Paid-up stock is different from other types of stock, such as assessable stock, which can be subject to resale by the issuer if the holder fails to pay any assessment levied on it. Paid-up stock is fully paid for and the shareholder has no further financial obligation to the company. This type of stock is often used by companies to raise capital for their operations.

paid-up policy | pain of, on

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General chat about the legal profession.
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16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
16:48
I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
JumpySubsequentDolphin
16:51
@jackfrost11770: IM SO JEALOUS
2big2fail
16:52
perhaps peggerdine this evening
2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
babycat
16:59
schools mostly care about your undergrad GPA
umarrussell
17:07
whats a good GRE score
1a2b3c4d26z
17:07
100% chance at getting into a law school
umarrussell
17:07
i feel like you have to score fairly high to get in with GRE
1a2b3c4d26z
17:07
isn't 340 perfect?
1a2b3c4d26z
17:08
So i feel like they're fine
shaquilleoatmeal
17:08
If one of yall can guess what I ended up gettin at sg about an hour ago I’ll Venmo the cost of the meal😂
if when i called gtown they told me "you will 100% get a decision at the end of this week." and i DO not get a decision today. how badly am i legally allowed to crash out. like i have a feeling i ain't getting anything today 😭
1a2b3c4d26z
17:09
Crash out really hard
shaquilleoatmeal
17:09
https://imgur.com/a/rRr0oeT
1a2b3c4d26z
17:09
evol style
1a2b3c4d26z
17:09
Jk dont do that
shaquilleoatmeal
17:09
Use that bowl size to guess, I’ll give you a hit, protein fuckin packed
1a2b3c4d26z
17:09
which garmin do you have?
1a2b3c4d26z
17:10
If that pic is of you
Kendrick album so good, I wasn't even focused on admissions today
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