Pars refers to an individual or collective entity engaged in a legal proceeding.
In the context of history, a pars refers to an individual or a group that is engaged in a legal case or dispute. For instance, in a court case, both the plaintiff and defendant are considered pars. Similarly, in a divorce, both spouses are considered pars. These examples illustrate that a pars is someone who is involved in a legal action or disagreement.
– Par value is the nominal value of a stock, typically set at a low amount (e.g. $0.01), and it represents the minimum price at which the stock can be issued.
– Yes, a company can change the par value of its stocks through a vote by the board of directors and shareholders.
– Par value is mainly a historical artifact and has little practical significance in modern finance. It may have legal implications in certain jurisdictions, but it does not affect the market value of a stock.
– Some states may have specific regulations regarding par value, so it’s important to consult with legal counsel to ensure compliance.
– Yes, many companies issue “no par value” stocks, which means the stock does not have a designated par value.
– Par value is the nominal value of a stock set by the company, while market value is the actual price at which the stock is trading on the open market.
– Par value does not directly impact a company’s financial statements, as it is mainly a nominal value for accounting and legal purposes.
– Par value does not directly affect the payment of dividends, as dividends are typically based on a company’s earnings and not on the par value of its stocks.
– Yes, a company can issue stocks at a price below par value, and this is often the case with no par value stocks.
– Shareholders may have legal recourse if they believe a company has violated laws or regulations related to par value, but this would depend on the specific circumstances and applicable laws. It’s advisable to seek legal advice in such cases.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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