True Value Rule
Legal definition for Indian law research
Definition
True-value rule, means the rule requiring that one who subscribes for and receives corporate stock must pay par value for it, in either money or its equivalent, so that a corporation's real assets square with its books, Black's Law Dictionary, 7th Edn., p. 1513.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.