A type of stock class whereby the company issuing the shares will not be allowed to impose any levies on its shareholders for the purpose of obtaining any additional investment funds.
Related information about nonassessable stock:
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Thus, an owner of nonassessable capital stock can lose no more than his or her original investment. Nonassessable stock is the dominant kind issued in the ...
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Definition of nonassessable stock: A type of stock class whereby the company issuing the shares will not be allowed to impose any levies on its shareholders for ...
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Nonassessable stock refer to a class of stock owned by a holder whose potential liability is limited to the amount paid for the stock and who cannot be charged ...
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... his or her original investment. Nonassessable stock is the. ... or her original investment. Nonassessable stock is the dominant kind issued in the United States.
- DEL CODE § 152 - US Codes and Statutes - FindLaw
The capital stock so issued shall be deemed to be fully paid and nonassessable stock upon receipt by the corporation of such consideration; provided, however, ...
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- Nonassessable - Merriam-Webster Online
... issuing corporation and when fully paid for entailing no further liability on the part of the owner either to the corporation or its creditors <nonassessable stock> ...
- CHAPTER 1. GENERAL CORPORATION LAW Subchapter V. Stock ...
The capital stock so issued shall be deemed to be fully paid and nonassessable stock upon receipt by the corporation of such consideration; provided, however, ...