Indiana Proposed Amendment to create a class of Common Stock that has 1-20th vote per share
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How to fill out Proposed Amendment To Create A Class Of Common Stock That Has 1-20th Vote Per Share?
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FAQ
?Common shares? is the legal term that typically refers to the corporation's class of shares that holds the minimum rights described above (right to vote, right to receive dividends, right to residual value of the corporation's assets upon the corporation's liquidation).
We call these 'Class B' or non-voting shares. This type of share typically has no voting rights, and is only entitled to dividends upon the discretion of the Board of Directors.
Upon liquidation or dissolution, holders of common stock are entitled to share ratably in all net assets available for distribution to stockholders, after payment in full to creditors and payment of any liquidation preferences to holders of preferred stock.
Class F Shares are a particular breed of Preferred Stock issued only to founders. The shares are bestowed with super-voting rights: each Class F Share is equal to 10 Class A Shares.
Shareholders make money in two main ways: Capital appreciation and dividend payments. Common shareholders are granted six rights: voting power, ownership, the right to transfer ownership, a claim to dividends, the right to inspect corporate documents, and the right to sue for wrongful acts.
Shareholders and liquidation The shareholders will only get paid any return on their shares in an insolvent liquidation after all creditors get paid in full. If shareholders also have a claim as a creditor, then they may receive a payment as a creditor (separate from any return on shares).
Most publicly traded companies issue two types of stock: common stock and preferred stock. Common stock typically comes with voting rights, while preferred stock does not.
Common stock entitles the owners (called stockholders or shareholders) to collect dividends, if the company declares them. It also entitles the owners to vote in company elections and decisions. Stockholders who purchase common stock share in most of a company's profits and losses.