face value
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 273 U.S. 100 - Goodyear Tire & Rubber Co. v. United States · 1927Most cited · 50 citing opinions
the phrase face value in the statute is synonymous with par value. It is used in contradistinction to the actual value which is made the measure of the tax when applied to nonpar value stock which the statute describes as 'without par or face value.' Obviously the face or par value of the stock transferred is to be determined by an inspection of the instrument which alone fixes par value, namely, the corporate charter.
How often courts cite the case defining “face value”
Court decisions citing the opinion that defined “face value” — 50 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.