when a stock is non assessable it also means that if the issuing company goes bankrupt the shareholders cannot lose more money than they invested in the first place 1
example of a non assessable stocknon assessable stocks have the word non assessable printed on their stock certificates this vintage pennsylvania power light company common stock certificate for 20 shares dating from 1973 contains the phrase fully paid and non assessable shares of the common stock without nominal or par value the phrase is common for boilerplate language 