16 Apr 2003 Common stocks are generally "fully paid and nonassessable", meaning that common stockholders may lose their initial investment, but not  Attributable income from CGT events happening to shares owned by a resident in a foreign country will be non-assessable, non-exempt income, but only if it is purposes covers payments that fall within the ordinary meaning of the term as  These assets are known as nonassessable assets. as assessable assets and include items like checking and savings accounts, stocks, bonds, AXA Equitable Life Insurance Company and AXA Advisors are affiliated and do not provide tax 

non-assessable TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. This word, placed upon a certificate of stock, does not cancel or impair the obligation to pay the amount due upon the shares created by the acceptance and holding of such certificate. 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” means that the company has received proper “consideration” (payment) for the shares. “Non-assessable” means that the investor isn’t required to make more payments to the company by reason of being a shareholder. The stock must be fully paid by the holder, in an amount set by the Board of Directors and not less than the par value of the stock (Sections 152 and 153 of the DGCL). This means each stockholder must pay an amount equal to at least the par value of the stock for the stock to be validly issued.

You are dealing with a rookie CEO. He made a commitment to you that really cannot be met, at least not without damaging the company so much that the equity would be worthless anyway. Chalk this up to a rookie mistake from both sides. No harm, no

28 Jun 2019 Unit trusts often make non-assessable payments to unit holders. However, if you do so, you can't use the discount method to work out your capital The fund gave him a statement showing his distribution meant that his gains, but made a capital loss of $100 on some shares she sold during the year. ment banks prior to the 1980s, and assessable stock, which was relatively common in ship/joint venture agreement with the employing bank that would Berle's best-known book, written together with Gardiner Means is The Modern Corporation excused for recounting the phrase "fully paid and non-assessable" by rote. The term "non-assessable" does not mean non-transferrable. An assessment can be a tax in English, but in the context of stock, the  Crossword Solver - Crossword Clues, synonyms, anagrams and definition of stock. 18 letter words. ISSUED CAPITAL STOCK - NONASSESSABLE STOCK   classify and reclassify shares did not authorize an amendment making non- callable stock callable, Hope Ins., 9 R. I. 194 (1869) (non-assessable stock made assessable);. Venner v. to mean only the contract rights of the holders thereof. Bearer shares may not be issued unless they have been fully paid and non- assessable, and are transferable by delivery of the corresponding certificate.

24 Apr 2019 where to include each potentially assessable stock in prioritization Description: Non-linear ranking – based on mean landings (not value).

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. Definition of nonassessable. : exempting the owner from further contributions to the capital or business of an issuing corporation and when fully paid for entailing no further liability on the part of the owner either to the corporation or its creditors nonassessable stock. DEFINITION of Non-Assessable Policy. A non-assessable policy is a type of insurance policy that cannot require the policyholder to pay additional funds to cover an insurer’s losses if the losses are greater than the insurer’s reserves. These policies are the most commonly found commercial line insurance policies offered. A no-par value stock is issued without the specification of a par value indicated in the company's articles of incorporation or on the stock certificate. Most shares issued are classified as no-par or low-par value stock.

a) Non-Assessable Common Stock: Seven Hundred and Fifty Million friend Nate Steck to do a reverse merger between his NDYN shell and Nate's Essentials

Attributable income from CGT events happening to shares owned by a resident in a foreign country will be non-assessable, non-exempt income, but only if it is purposes covers payments that fall within the ordinary meaning of the term as  These assets are known as nonassessable assets. as assessable assets and include items like checking and savings accounts, stocks, bonds, AXA Equitable Life Insurance Company and AXA Advisors are affiliated and do not provide tax  (4) “Transfer” of a share of Class B Common Stock shall mean any sale, (1) fully paid and nonassessable share of Class A Common Stock at the option of the of Class B Common Stock held by such trust, provided such Transfer does not  

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 

NON-ASSESSABLE This word, placed upon a certificate of stock, does not cancel or impair the obligation to pay the amount due upon the shares created by the acceptance and holding of such certificate. 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. Definition of nonassessable capital stock: Share ownership that cannot require additional investment in order to satisfy debt obligations. Most shares in US corporations are designated as non-assessable. 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 Assessable Capital Stock 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. Definition of nonassessable. : exempting the owner from further contributions to the capital or business of an issuing corporation and when fully paid for entailing no further liability on the part of the owner either to the corporation or its creditors nonassessable stock. DEFINITION of Non-Assessable Policy. A non-assessable policy is a type of insurance policy that cannot require the policyholder to pay additional funds to cover an insurer’s losses if the losses are greater than the insurer’s reserves. These policies are the most commonly found commercial line insurance policies offered.

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. Definition of nonassessable capital stock: Share ownership that cannot require additional investment in order to satisfy debt obligations. Most shares in US corporations are designated as non-assessable. 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 Assessable Capital Stock 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.