§ 3152 Nonpar Stock Issuance Rules

• •This law is about companies that sell stock without a set price.
• •If a company does this, it must follow the same rules as other companies in the state.
• •The rules for selling this kind of stock are the same for all companies.

A small tech company wants to sell stock to raise money but doesn’t set a fixed price per share.

The company must follow the same rules as bigger companies when selling this stock, like telling buyers important info about the company.