Stock can usually be issued for services or something of value. The legal word most often used to describe what can be used to pay for stock is the word “consideration.” The state corporation law governs what form of consideration can be used to purchase stock. Consideration for stock can generally be in the form of money, other property (such as a computer, vehicle, or other equipment), services performed or to be performed on behalf of the corporation, and, in some cases, promissory notes. The value of the consideration, other than cash money, is a question reserved for the corporation’s directors. In other words, the directors have the right and authority to determine the value of equipment, services, or other property given to the corporation in exchange for its stock. The exchange of stock, for some form of consideration, involves an essential negotiation between the person desiring to purchase the stock and the directors of the corporation. They must agree on the value of the property or services and how many shares of stock will be given in exchange.