On February 7, 1930 the Bacterol Products Company announced a capital increase, from the initial 12, 000 shares of no par stock, to 41, 000.
2.
Thanks in large part to a proliferation of low par and no par stock, watered stock is less of an issue these days . The last major American court case dealing with watered stock was in 1956.
3.
In 1912, New York authorized corporations to issue " no par stock " with no par value at all, in which case the board of directors would allocate the incoming capital between stated capital and capital surplus.
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