Kansas Amendment to the articles of incorporation to eliminate par value
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How to fill out Amendment To The Articles Of Incorporation To Eliminate Par Value?
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FAQ
Typically, you can't just make an amendment saying you now have a new par value. Instead, the most common way that corporations change their par value is with a stock split (or reverse stock split). A stock split is exactly what it sounds like: a division of shares.
A reduction of share capital is implemented by the company making a payment to its shareholders out of capital. That is, value paid, or taken to have been paid, by shareholders to the company to acquire shares is returned to the shareholders.
To amend you Kansas articles of incorporation, you can file by mail, fax, or online. To amend your Kansas articles of incorporation online, visit the Kansas.gov Business Center website. You get there by going to the SOS website and clicking on ?Business Filing Center.? Then you can choose to file the amendment.
This reduction in par value is made to lower the market price of the stock to make the stock more attractive to potential investors. When a company's stock splits, the change in the par value is offset by a corresponding change in the number of shares so the total par value remains the same.
If interest rates rise, the price of a lower-coupon bond must decline to offer the same yield to investors, causing it to trade below its par value. If interest rates fall, then the price of a higher-coupon bond will rise and trade above its par value since its coupon rate is more attractive.
The reduction in the par or stated value of common stock, accompanied by the issuance of a proportionate number of additional shares, is called a stock split.
Par value is the value of a single common share as set by a corporation's charter. It is not typically related to the actual value of the shares. In fact it is often lower. Any stock certificate issued for shares purchased shows the par value. When authorizing shares, a company can choose to assign a par value or not.
No-Par Value Stock Example. Imagine a company issues 100,000 shares of stock at $15/share. The company has decided to issue no-par stock. As part of the sale, the company received $1.5 million (100,000 shares * $15/share).