Legal Question in Securities Law in New York
certificate of directors action
I am sole director and shareholder of a corp. i just formed in NYS. My investment is $100,000. On the Certificate of Directors action in the corporate kit, is my $100,000 the consideration for the 200 shares of no par value stock? If so, in the following paragraph can i allocate $1.00 per share to stated capital and the rest to surplus?
Thank you!
Asked on 9/20/06, 6:17 pm
1 Answer from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: certificate of directors action
You can allocate it any way you want.
Answered on 9/21/06, 8:59 am
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