Common Stock

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Common Stock

Evidence of participation in the ownership of a corporation that takes the form of printed certificates.

Each share of common stock constitutes a contract between the shareholder and the corporation. The owner of a share of common stock is ordinarily entitled to participate in and to vote at stockholders' meetings. He or she participates in the profits through the receipt of dividends after the payment of dividends on preferred stock. Shares of common stock are the Personal Property of their holder.

common stock

n. stock in a corporation in which dividends (payouts) are calculated upon a percentage of net profits, with distribution determined by the Board of Directors. Usually holders of common stock have voting rights. These are distinguished from preferred stock in which the profits are a predetermined percentage and are paid before the common shareholders who gamble on higher profits, and collectively have voting control of the corporation. (See: corporation, stock, share, preferred stock)

See: kinship, relation

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References in periodicals archive ?

9) Nonetheless, the requirement in section 3(a)(3) of the BHC Act that the Board's approval be obtained before a bank holding company acquires more than 5 percent of the voting shares of a bank suggests that Congress contemplated the acquisition by bank holding companies of between 5 and 25 percent of the voting shares of a bank or a bank holding company.

First Mariner owns less than 1 percent of the voting shares of Glen Burnie and has an agreement to acquire an additional 18.

ORDERS ISSUED UNDER BANK HOLDING COMPANY ACT

A holder will have the right to require conversion of the secured convertible notes into subordinate voting shares as described above, so long as such holder does not beneficially own 20% or more of the number of subordinate voting shares and multiple voting shares of the Company outstanding immediately after giving effect to such conversion.

As additional consideration, ProMetic intends to issue to the investors warrants to purchase up to 20,502,772 subordinate voting shares at a price of CAN$0.

ProMetic to Obtain US $8.9 Million Financing, Will Enable the Execution of the Reorganization Plan to Unlock Shareholder Value

Quebecor World believes that the repurchase of these Subordinate Voting Shares, pursuant to this normal course issuer bid, is in the best interest of Quebecor World and its shareholders.

During the last twelve months, Quebecor World has not purchased any Subordinate Voting Shares.

Quebecor World Announces Normal Course Issuer Bid

Dundee Corporation purchased an aggregate of 67,228 Subordinate Voting Shares at an average price of $24.

Dundee Corporation Renews Its Normal Course Issuer Bid

Global intends to purchase from time to time, if and to the extent Global considers advisable, up to a maximum of 2,019,458 subordinate voting shares out of the total 40,389,164 issued and outstanding on March 21, 2005.

Global Holdings Announces the Renewal of its Normal Course Issuer Bid

A) announced today that it has entered into an agreement in order to amalgamate with a newly-incorporated corporation created for the sole purpose of the amalgamation, in order to proceed with a going-private transaction to acquire all of the outstanding Class A Subordinate Voting Shares of Mont Saint-Sauveur.

Mont Saint-Sauveur International Inc. Proposes a Going-Private Transaction to its Shareholders

The Corporation currently has 5,399,825 subordinate voting shares issued and outstanding.