Asked by
Rampart S 4444
on Oct 15, 2024
Verified
Minimum legal capital is the least amount that the buyers of stock must contribute to the corporation or be at risk to pay creditors at a future date.
Minimum Legal Capital
The least amount of capital that a company is required to maintain by law, intended to protect creditors by ensuring the company has enough assets to meet its obligations.
- Discern the legal and economic architecture of corporations, encompassing the privileges and obligations of shareholders.
Verified Answer
JR
Learning Objectives
- Discern the legal and economic architecture of corporations, encompassing the privileges and obligations of shareholders.
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