Queens New York Amendment of common stock par value

State:
Multi-State
County:
Queens
Control #:
US-CC-3-215A
Format:
Word; 
Rich Text
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Description

This sample form, a detailed Amendment of Common Stock Par Value document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

A change in par value usually occurs when a company's stock is split. The par value is typically listed on stock certificates and usually does not represent the stock's actual value.

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 change in par value usually occurs when a company's stock is split. The par value is typically listed on stock certificates and usually does not represent the stock's actual value.

A corporation may, but shall not be required to, issue fractions of a share.

Before changing your pad, wash your hands so they're clean when you touch the new pad. Remove the old pad by grabbing a clean edge and peeling it off your underwear. Roll the pad so the adhesive side is on the outside and wrap it in toilet paper or the wrapper from the new pad before tossing it in the bathroom garbage.

You can help keep your company private by reducing the number of stock shares available for purchase. A reverse split raises your stock's par value and reduces the number of shares at the same time. The reverse split doesn't change the value of the retained earnings, paid-in capital or cash accounts.

Can Shares Be Issued Below Par Value? Shares can be issued below par value, though doing so would be unfavorable for the issuing company. The company would have a per-share liability to shareholders for the difference between the par value of the stock and the issuance price.

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. The total stockholders' equity is unaffected by the stock split and no entries are recorded.

A stock's par value is its stated value, not its actual value. When a stock sells, it will be issued at its actual value and not the stated par value. The most common reason for a change in par value is a stock split. During a split, the total par value will actually remain unchanged.

More info

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Queens New York Amendment of common stock par value