stated capital

Legal Capital

The par value of all of a company's shares outstanding. Legal capital may not be distributed as dividends, or as anything else. It is also called stated capital.

stated capital

References in periodicals archive ?
The major changes in the capital base are that deferred federal income taxes are no longer specifically excluded from taxation, and only taxpayers whose combined stated capital and surplus is less than $1 million may make the election to use Federal income tax accounting methods in determining surplus (Section 171.