Securities Flashcards
1
Q
Securities at Formation of the Corporation
A
Formation requires the issuance of securities to the owners of the corporation - the shareholders.
2
Q
Equity Securities
A
Common stock, which can be issued in consideration of any tangible or intangible property or benefit to the corporation.
3
Q
Debt Securities
A
Secured debt is a bond; unsecured debt a debenture. A debt security is not a form of ownership.
