Question

Three of the following are not authorized to issue no par value shares . Which one is the exception?

A. Industrial companies
B. Insurance companies
C. Trust companies
D. Public utilities

Answer 1

Public utilities are the exception and are not authorized to issue no par value shares.

Step-by-step explanation:

In general, companies with no par value shares can be authorized by various types of businesses such as industrial companies, insurance companies, trust companies, and public utilities. However, public utilities are the exception as they are not authorized to issue no par value shares.