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In the 'articles of incorporation' jurisdictions, the concept of authorized capital has been abolished. What is the significance or result of this? Question 15 options:
In the 'articles of incorporation' jurisdictions, the concept of authorized capital has been abolished. What is the significance or result of this? Question 15 options: par value must now align with current market value it means now there is a crucial difference between issued capital and paid-up capital stated capital accounts no longer need to disclose the consideration received for each share issued a corporation can issue as many shares as it wants, on an ongoing basis a corporation must now state the max number of shares that can be issued, in its articles of incorporation
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