issuing stock

issuing stock
All the process of authorizing, executing, and delivering the certificates of stock to the subscribers, thereby conferring upon and vesting in them the rights and privileges of stockholders. Majestic Household Utilities Corp. v Stratton, 353 Ill 86, 186 NE 522, 89 ALR 852; Don Johnston Drilling Co. v Howard (Okla) 347 P2d 640, 78 ALR2d 824. Something more than merely procuring contracts of subscription to the stock of the corporation not in being, but which maybe organized in the future. Felton v Highlands Hotel Co. 165 Ga 598, 141 SE 793, 57 ALR 987. The issuance of new stock certificates to replace lost certificates or to evidence a stock transfer, or upon a split up of outstanding existing shares of stock, does not involve "issuance of new or additional stock," within a statute subjecting a public service corporation to the payment of a fee for each authorized "issue of securities." Lake Superior Dist. Power Co. v Public Service Com. 250 Wis 39, 26 NW2d 278, 170 ALR 680. When certificates of stock are officially executed and delivered by a corporation to its stockholders they are "issued" in the ordinary sense, but when such stock is called in and canceled as of record the original shares can no longer be said to be "issued." Majestic Household Utilities Corp. v Stratton, 353 Ill 86, 186 NE 522, 89 ALR 852.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • stock — n 1 a: the equipment, materials, or supplies of a business b: a store or supply accumulated; esp: the inventory of the goods of a merchant or manufacturer 2: the ownership element in a corporation usu. divided into shares and represented by… …   Law dictionary

  • Stock option expensing — is a method of accounting for the value of share options, distributed as incentives to employees, within the profit and loss reporting of a listed business. It is an accounting standard thought by several Socially Responsible Investors to improve …   Wikipedia

  • stock — The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense, the capital of a merchant or other person, including his merchandise, money, and credits, or, in other words, the entire property employed in business.… …   Black's law dictionary

  • issuing house — An organisation, normally a merchant bank, that arranges the details of an issue of stocks or shares, and the necessary compliance with the London Stock Exchange regulations in connection with the listing of that issue. Exchange Handbook Glossary …   Financial and business terms

  • Stock — For capital stock in the sense of the fixed input of a production function, see Physical capital. For other uses, see Stock (disambiguation). Financial markets Public market Exchange Securities …   Wikipedia

  • stock option — an option giving the holder, usually an officer or employee, the right to buy stock of the issuing corporation at a specific price within a stated period. [1940 45] * * * Contractual agreement entitling the holder to buy or sell a share of stock… …   Universalium

  • stock dividend — Payment of a corporate dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company, or it may be shares in a subsidiary being spun off to shareholders. Stock dividends are often used to conserve cash …   Financial and business terms

  • stock dividend — A dividend paid by a corporation in stock of the corporation or in stock which the corporation holds in another corporation. Liebman v Auto. Strop Co. 241 NY 427, 150 NE 505. A corporate dividend payable in stock instead of cash, the declaration… …   Ballentine's law dictionary

  • Issuing — Issue Is sue, v. i. [imp. & p. p. {Issued} ([i^]sh [ u]d); p. pr. & vb. n. {Issuing}.] [1913 Webster] 1. To pass or flow out; to run out, as from any inclosed place. [1913 Webster] From it issued forced drops of blood. Shak. [1913 Webster] 2. To… …   The Collaborative International Dictionary of English

  • stock split — noun Date: 1950 a division of corporate stock by the issuing to existing shareholders of a specified number of new shares with a corresponding lowering of par value for each outstanding share compare stock dividend …   New Collegiate Dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”