(SOLVED) The Hyperion Company has an authorized

capital stock of one

The Hyperion Company has an authorized capital stock of one thousand shares with a par
value of $100 per share, of which nine hundred shares, all fully paid, were outstanding. Having
an ample surplus, the Hyperion Company purchased from its shareholders one hundred shares
at par. Subsequently, the Hyperion Company, […]

Doris subscribed for two hundred shares of 12 percent cumulative, participating, redeemable,
convertible, preferred shares of the Ritz Hotel Company with a par value of $100 per share. The
subscription agreement provided that she was to receive a bonus of one share of common
stock of $100 par value for […]

Oahe Enterprises was formed by the efforts of Emmick, who acted as a promoter and
contributed shares of Colonial Manors, Inc. (CM), stock in exchange for stock in Oahe. The CM
stock had been valued by CM’s directors for internal stock option purposes at $19 per share.
One month prior […]

A corporation formed for the purpose of manufacturing, buying, selling, and dealing in drugs,
chemicals, and similar products contracted to purchase, under authority of its board of directors,
the land and building it occupied as a factory and store. Collins, a shareholder, sues in equity to
restrain the corporation from […]

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The Pyro Corporation has outstanding twenty thousand shares of common stock, of which
nineteen thousand are owned by Peter B. Arson, five hundred shares are owned by Elizabeth
Arson, his wife, and five hundred shares are owned by Joseph Q. Arson, his brother. These
three individuals are the officers and […]

Julian, Cornelia, and Sheila petitioned for a corporate charter for the purpose of conducting a
retail shoe business. They met all of the statutory provisions, with the exception of having their
charter recorded. This was simply an oversight on their part, and they felt that they had fully
complied with […]

Wayne signed a subscription agreement to purchase one hundred shares of stock of the
proposed ABC Company, at a price of $18 per share in a State that has adopted the Revised
Act. Two weeks later, the company was incorporated. A certificate was duly tendered to Wayne,
but he refused […]

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