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The Model Business Corporation Act: Uses the words common and preferred in describing distinguishing characteristics of stock. O Defines legal capital as the amount of
The Model Business Corporation Act: Uses the words "common" and "preferred" in describing distinguishing characteristics of stock. O Defines legal capital as the amount of net assets not available for distribution to shareholders. O Provides guidance for choosing an appropriate par for new issues of stock. Has affected the laws of most states
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
