Series 82: 3.2.1.2. Non-Voting Common Stock

3.2.1.2. Non-Voting Common Stock

Occasionally, corporations will issue a class of common stock that has no voting rights. These securities are identical to ordinary shares in terms of dividends, residual interests, and other rights, but their owners cannot vote to elect directors or approve company policies. Non-voting stock allows a company to raise additional capital while maintaining the existing voting power of its current ownership. By state law, it ca