The Indiana Proposed Amendment aims to introduce a new class of Common Stock that grants shareholders voting rights in a ratio of 1 vote per 20 shares owned. This amendment proposes a change to the existing stock structure in Indiana, allowing for a more diversified and inclusive system of shareholder voting. By implementing the Indiana Proposed Amendment, companies can potentially create multiple types of Common Stock, each with varying voting rights. Some potential names for these distinct classes of Common Stock could include: 1. Class A Common Stock (1-20th Vote): This class of shares would allow shareholders to have one vote for every 20 shares they own. It is designed to offer equitable voting representation while maintaining an appropriate balance of power among investors. 2. Class B Common Stock (1-10th Vote): This class would grant one vote for every 10 shares owned. It may be used to provide a higher degree of influence to certain stakeholders, such as founding members or strategic investors, while still ensuring a proportionate voting structure. 3. Class C Common Stock (1-5th Vote): With one vote per 5 shares held, this class of Common Stock gives shareholders an even greater level of voting power. It can be utilized to potentially attract and retain influential investors who play a significant role in the company's growth and development. These different classes of Common Stock, as envisioned by the Indiana Proposed Amendment, offer companies the flexibility to tailor their stock structure to meet specific objectives, goals, and investor demands. It enables a fair representation of shareholder interests while encouraging investment and fostering corporate growth.
Indiana Proposed Amendment to create a class of Common Stock that has 1-20th vote per share
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?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.