In this clip, we’ll discuss what stock is and how a company issues stock, including the types of consideration that may be accepted and the differences between par value and no par value stock. We’ll define and discuss subscriptions. Then we’ll consider shareholders’ preemptive rights and the protections against dilution that some courts have granted to minority shareholders under a fiduciary duty theory. Lastly, we’ll briefly outline public offerings and the federal statutes that govern the...