nonassessable stock

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.

• Stock issued in the United States is usu. nonassessable. [Cases: Corporations 78, 175. C.J.S. Corporations §§ 188, 192, 316.]

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词条贡献者

译者Vicky，毕业于世界顶级翻译学院，擅长翻译各种与债权人权利及破产诉讼相关的法律文件。