Statutes > Rhode Island Statutes > Title 44 - Taxation > CHAPTER 44-12 - Franchise Tax > § 44-12-3 - Valuation of no-par stock.

§ 44-12-3 - Valuation of no-par stock.

SECTION 44-12-3

   § 44-12-3  Valuation of no-par stock.– In the case of corporations having capital stock of no-par value, one hundreddollars ($100) per share shall be deemed to be the par value for the purposesof this chapter.