- promotional stock
Shares issued by a newly formed corporation to a promoter (organizer) of the corporation in payment for putting the company together and locating shareholders or other funding. Some states limit the amount of promotional stock the promoter can receive to an amount reasonable for the effort, since it is supported by labor alone and not by assets or cash.Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- promotional stock
n.stock issued in a newly formed corporation and given to a promoter (organizer) of the corporation in payment for his/her efforts in putting the company together and locating shareholders or other funding. Most states (and the federal Securities and Exchange Act) limit promotional stock to an amount reasonable for the effort since it is not backed by assets or money.See also: promoter
Law dictionary. EdwART. 2013.
Look at other dictionaries:
promotional stock — Shares that are issued in a newly formed corporation and given to a promoter of the corporation in payment for his or her entrepreneurial efforts in organizing the company and locating other shareholders, investors or alternate sources of… … Business law dictionary
Naming of British railway rolling stock — Since the invention of the very first railway steam locomotive in 1804, railway companies have applied names to their locomotives, carriages and multiple units. Numbers have usually been applied too, but not always; the Great Western Railway only … Wikipedia
Banja Luka Stock Exchange — founded = May 9, 2001 owner = key people = Milan Božić (CEO) currency = BAM listings = mc volume = indexes = BIRS FIRS ERS10 homepage = [http://www.blberza.com/ blberza.com] footnotes = The Banja Luka Stock Exchange (pronounced: /ˌbaɲaˈluːka/) or … Wikipedia
promoter — pro·mot·er n: one who alone or with others actively participates in the formation of a business or venture promoter s owe a fiduciary duty to the corporation they are promoting R. C. Clark Merriam Webster’s Dictionary of Law. Merriam Webster.… … Law dictionary
promoter — An entrepreneur, especially a person involved in the initial financing and launch of a business. In general, the promoter is the principal shareholder or one of the managers of the business and justifies the shareholding (i.e., promotional… … Business law dictionary
List of law topics (N-R) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… … Wikipedia
Music video — A music video or song video is a short film integrating a song and imagery, produced for promotional or artistic purposes. Modern music videos are primarily made and used as a marketing device intended to promote the sale of music recordings.… … Wikipedia
Bing — For other uses, see Bing (disambiguation). Bing The Bing homepage features an image or video that changes daily … Wikipedia
Destruction Derby (video game) — Infobox VG title = Destruction Derby developer = Reflections publisher = Psygnosis engine = designer = released = Windows [http://www.gamefaqs.com/computer/doswin/data/197101.html] vgrelease|United States of America|USA|October 31, 1995… … Wikipedia
Destruction Derby — This article is about the video game. For the series, see Destruction Derby (series). Destruction Derby Developer(s) Reflections Publisher(s) … Wikipedia