Opinion No., (1963)
Court: Oklahoma Attorney General Reports
Number:
Visitors: 1
Filed: Jan. 31, 1963
Latest Update: Mar. 03, 2020
Summary: OPINION — AG — IN THE FORMATION OF AN OKLAHOMA CORPORATION, WHERE ONLY SHARES HAVING A PAR VALUE ARE CONCERNED, STATED CAPITAL CONSISTS OF THE AGGREGATE PAR VALUE OF ALL ALLOTED SHARES, AND THIS SUM MUST BE AT LEAST $500.00. ANY AMOUNT PAID FOR PAR VALUE SHARES IN EXCESS OF PAR VALUE MUST BE CREDITED TO PAID IN SURPLUS AND CANNOT BE CREDITED TO STATED CAPITAL. CITE: 18 Ohio St. 1961 1.15 [ 18-1.15 ], 18 Ohio St. 1961 1.80 [ 18-1.80 ](A), 18 Ohio St. 1961 1.79 [ 18-1.79 ], 18 Ohio St. 1961 1.2 [
Summary: OPINION — AG — IN THE FORMATION OF AN OKLAHOMA CORPORATION, WHERE ONLY SHARES HAVING A PAR VALUE ARE CONCERNED, STATED CAPITAL CONSISTS OF THE AGGREGATE PAR VALUE OF ALL ALLOTED SHARES, AND THIS SUM MUST BE AT LEAST $500.00. ANY AMOUNT PAID FOR PAR VALUE SHARES IN EXCESS OF PAR VALUE MUST BE CREDITED TO PAID IN SURPLUS AND CANNOT BE CREDITED TO STATED CAPITAL. CITE: 18 Ohio St. 1961 1.15 [ 18-1.15 ], 18 Ohio St. 1961 1.80 [ 18-1.80 ](A), 18 Ohio St. 1961 1.79 [ 18-1.79 ], 18 Ohio St. 1961 1.2 [ 1..
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OPINION — AG — IN THE FORMATION OF AN OKLAHOMA CORPORATION, WHERE ONLY SHARES HAVING A PAR VALUE ARE CONCERNED, STATED CAPITAL CONSISTS OF THE AGGREGATE PAR VALUE OF ALL ALLOTED SHARES, AND THIS SUM MUST BE AT LEAST $500.00. ANY AMOUNT PAID FOR PAR VALUE SHARES IN EXCESS OF PAR VALUE MUST BE CREDITED TO PAID IN SURPLUS AND CANNOT BE CREDITED TO STATED CAPITAL. CITE: 18 Ohio St. 1961 1.15 [18-1.15], 18 Ohio St. 1961 1.80 [18-1.80](A), 18 Ohio St. 1961 1.79 [18-1.79], 18 Ohio St. 1961 1.2 [18-1.2](12), 18 Ohio St. 1961 1.15 [18-1.15] [18-1.15] (BURCK BAILEY)
Source: CourtListener
