Massachusetts General Laws ch. 155 sec. 17 – Issue at less than par
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Section 17. No corporation shall issue a share for a less amount to be actually paid in thereon than the par value of the shares at the date of issue.
Terms Used In Massachusetts General Laws ch. 155 sec. 17
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.