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 bank now has a stated capital of Rs.5.87 billion represented by 1.25 billion shares and the rights issue, if 100% subscribed, will raise the stated capital up to Rs.10.62 billion.
Under the new law, the franchise tax is determined by calculating two bases: net taxable capital (stated capital and surplus reduced by certain deductions) and net taxable earned surplus (net income)(Sections 171.001 and 171.0011 of the Texas Tax Code).
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 171.109(c)).