California Corporations Code Section 205
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California Laws > Corporations Code > California Corporations Code Section 205
Solely for the purpose of any statute or regulation imposing
any tax or fee based upon the capitalization of a corporation, all
authorized shares of a corporation organized under this division
shall be deemed to have a nominal or par value of one dollar ($1) per
share. If any federal or other statute or regulation applicable to a
particular corporation requires that the shares of such corporation
have a par value, such shares shall have the par value determined by
the board in order to satisfy the requirements of such statute or
regulation.
Section: 205
Last modified: February 13, 2012
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