Stock Watering : The Judicial Valuation of Property for Stock-Issue Purposes

Looks at the way property is valued to determine corporate stock value to see if it is often issued inadequately, also defined as stock watering. Preface Contents Chapter I. Introduction: The Problem and the Law of Stock Watering Chapter II. Items That May Not Be Capitalized Chapter III. The “Good Faith” Rule Versus the “True Value” Rule in Stock-Watering Cases Chapter IV. The Standard of Valuation as Defined by Statutes and Courts Chapter V. Cost of the Property as Evidence of Its Value Chapter VI. Capitalized Earning Power as Evidence of the Value of Property Chapter VII. Special Aspects of the Earning Power Basis of Capitalization Chapter VIII. Evidence of Overvaluation Based On Implied Admissions by Promoters and other Interested Parties Chapter IX. Conclusion Table of Cases Index