capital stock
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 201 U.S. 543 - Powers v. Detroit, Grand Haven & Milwaukee Railway Co. · 1906Most cited · 48 citing opinions
distinguished from shares
The capital stock and the shares of the capital stock are distinct things. The capital stock is the money paid or authorized or required to be paid in as the basis of the business of the bank, and the means of conducting its operations. ... The capital stock and the shares may both be taxed, and it is not double taxation.
How often courts cite the cases defining “capital stock”
Court decisions citing the 2 opinions that defined “capital stock” — 124 in all, by decade. Counts are citations to the defining cases 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.
All 2 definitions, chronological · 1906–1925
As here used, it means the entire potentiality of the corporation to profit by the exercise of its corporate franchise.