Non assessable share of common stock

nonassessable stock Definition A type of stock class whereby the company issuing the shares will not be allowed to impose any levies on its shareholders for the purpose of obtaining any additional investment funds .

Assessable Stock – When a company could “assess” existing stockholders for additional funds to be invested. Non-assessable stock indicates the stock is immune from further company demands for investment. Most recent stock certificates say, “Fully paid and non- assessable.” 11. Date Issued – The date the certificate was issued. 12. COMMON STOCK . This Certifies that. is the owner of . FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF THE PAR VALUE OF $0.0001 EACH OF . PHUNWARE, INC. (THE "COMPANY") transferable on the books of the Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed. fully paid and non-assessable shares of the common stock, $0.001 par value, of NUVELO, INC . transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. Non-Assessable Common Stock: FIVE BILLION (5,000,000,000) shares of Common stock, Par Value One Mill ($0.0001) per share, and b) Preferred Stock: One Hundred Million (100,000,000) shares of Preferred stock, Par Value One Mill ($0.0001) per share.” Companies often enticed investors to buy assessable stock by selling shares for fractions of stated par values. Many, many examples exist of companies which were officially capitalized for $50 per share, but which sold their initial shares for 10% down. As an interesting aside for those of you who are investing buffs or love business history, there is another concept that, outside of the private equity world, has largely fallen by the wayside. When you buy common stock these days, you'll almost always be acquiring shares that are "fully paid and non-assessable.".

FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF Leucadia National Corporation, transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

A non-assessable stock is a class of stock where the issuing company cannot impose levies on its shareholders for additional funds for further investment. Nonassessable Stock Nonassessable stock refer to a class of stock owned by a holder whose potential liability is limited to the amount paid for the stock and who cannot be charged additional funds to pay the issuer's debts. Non-Assessable Stock Definition A non-assessable stock is a class of stock where the issuing company cannot impose levies on its shareholders for additional funds for further investment. more FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF Leucadia National Corporation, transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

Fully paid and non-assessable shares. See also: Share. Shares with respect to which the consideration has been paid in full before they may be issued, and no  

A non-assessable stock is a class of stock where the issuing company cannot impose levies on its shareholders for additional funds for further investment.

Fully paid and non-assessable shares. See also: Share. Shares with respect to which the consideration has been paid in full before they may be issued, and no further amounts can be assessed after they are issued. Under the CBCA and statutes modelled on it, all shares must be issued as fully paid and non-assessable.

Assessable Stock – When a company could “assess” existing stockholders for additional funds to be invested. Non-assessable stock indicates the stock is immune from further company demands for investment. Most recent stock certificates say, “Fully paid and non- assessable.” 11. Date Issued – The date the certificate was issued. 12. COMMON STOCK . This Certifies that. is the owner of . FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF THE PAR VALUE OF $0.0001 EACH OF . PHUNWARE, INC. (THE "COMPANY") transferable on the books of the Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

Nonassessable Stock Nonassessable stock refer to a class of stock owned by a holder whose potential liability is limited to the amount paid for the stock and who cannot be charged additional funds to pay the issuer's debts.

Non-Assessable Common Stock: FIVE BILLION (5,000,000,000) shares of Common stock, Par Value One Mill ($0.0001) per share, and b) Preferred Stock: One Hundred Million (100,000,000) shares of Preferred stock, Par Value One Mill ($0.0001) per share.” Companies often enticed investors to buy assessable stock by selling shares for fractions of stated par values. Many, many examples exist of companies which were officially capitalized for $50 per share, but which sold their initial shares for 10% down. As an interesting aside for those of you who are investing buffs or love business history, there is another concept that, outside of the private equity world, has largely fallen by the wayside. When you buy common stock these days, you'll almost always be acquiring shares that are "fully paid and non-assessable.". Common stock is what corporations usually issue to shareholders. Common stockholders receive a pro-rata share of the corporation's assets upon its dissolution. Common stock can be voting, or nonvoting. ATC Shares means up to 6,927,816 fully paid and non-assessable shares of the common stock of ATC to be issued to the Shareholders on the Closing Date; 15" x 8.5" Two-Sided Stock Certificate with an attached 4" Perforated Stub. This certificate has Fully Paid Non-Assessable Shares Common Text and is a Shares Each certificate. Features include artisan drawn blank panel and lace background seal. Includes Green Backer.

Assessable Stock – When a company could “assess” existing stockholders for additional funds to be invested. Non-assessable stock indicates the stock is immune from further company demands for investment. Most recent stock certificates say, “Fully paid and non- assessable.” 11. Date Issued – The date the certificate was issued. 12. COMMON STOCK . This Certifies that. is the owner of . FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF THE PAR VALUE OF $0.0001 EACH OF . PHUNWARE, INC. (THE "COMPANY") transferable on the books of the Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed. fully paid and non-assessable shares of the common stock, $0.001 par value, of NUVELO, INC . transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. Non-Assessable Common Stock: FIVE BILLION (5,000,000,000) shares of Common stock, Par Value One Mill ($0.0001) per share, and b) Preferred Stock: One Hundred Million (100,000,000) shares of Preferred stock, Par Value One Mill ($0.0001) per share.” Companies often enticed investors to buy assessable stock by selling shares for fractions of stated par values. Many, many examples exist of companies which were officially capitalized for $50 per share, but which sold their initial shares for 10% down.