Arkansas Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
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How to fill out Form Of Certificate Of Designations, Preferences And Rights Of Series C Convertible Preferred Stock?
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FAQ
A stock certificate is a legal document that verifies an investor's ownership of common stock shares, a type of security. A stock certificate is usually a physical paper record that identifies the investor as the owner of the shares and the number of shares owned.
A preferred stock certificate is a document that identifies the ownership share of an investor in a corporation.
What Is Convertible Preferred Stock? Convertible preferred stocks are preferred shares that include an option for the holder to convert them into a fixed number of common shares after a predetermined date.
A certificate which contains a copy of the board resolution setting out the powers, designations, preferences or rights of a class or series of a class of stock of a corporation (typically a series of preferred stock) if they are not already contained in the certificate of incorporation of the corporation.
A certificate of designation is signed by a corporate officer attesting to the board of directors' designation of the terms, rights, preferences, and limitations of a new series of preferred stock.
Series C Convertible Preferred Stock means the Series C Convertible Redeemable Preferred Stock, par value $. 01 per share, of the Company, having the same voting rights as the Class A Common Stock determined on an as converted basis.
If the company is no longer in existence, the share certificate itself might still have some value to a collector. Share certificates are collected by scripophily enthusiasts for their historical significance and/or for their artwork and intricate engraving.
Callable. Most preferred shares are redeemable, giving the issuer the right to redeem the stock at a date and price specified in the prospectus.