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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Furthermore, the new law removed the restriction in the old law that "a foreign bank may avail itself of only one mode of entry." It also removed the restriction that "a foreign bank or a Philippine corporation may own up to 60 percent of the voting stock of only one domestic bank or new banking subsidiary."
A controlled foreign corporation (CFC) was defined as any foreign corporation in which more than 50 percent of the voting stock was directly owned by one or more U.S.
If company A uses A voting stock to acquire all 50 shares of company T in a B reorganization, then company A's tax basis in the T stock will be $500, the aggregate of the shareholder's tax basis in the T stock.
It would still keep Kirch as a much-needed partner in EM.TV through the Junior TV deal that would give Kirch 25% of the voting stock of EM.TV proper.
Arnold claimed in Pulaski County Chancery Court that Betty Hussman, mother of the two, acted improperly in directing voting stock in Camden News --the parent company of Wehco Media Inc., which owns the D-G -- to a trust for Walter.
13 (1999), has applied a "premium" on the transfer of a minority block of voting stock. In addition, the court held that the premium on such stock should be applied as a percentage of the entire equity value of the company, as opposed to a percentage of the value of the shares of stock whose value was at issue.
The rights will become exercisable only in the event, with certain exemptions, an acquiring party accumulates 10 percent or more of Interiors voting stock, or if a party announces an offer to acquire 30 percent or more of such stock.
Your Business: Recapitalize your corporation into voting stock (say 100 shares) and non-voting stock (say 10,000 shares) in a tax-free transaction.
Next, Cifra would acquire Wal-Mart's share in the joint venture in exchange for about 40 per cent of Cifra's voting stock, in class A and class B shares.
The IRS was successful in presenting the issue of swing vote value to the Tax Court in a case involving a 10% voting stock interest in the Rock Island Refining Corporation, an Indianapolis based business that refined and distributed gasoline and other petroleum products.
The purchase price for the acquisition as provided for in the agreement was USD 65,676,287.70 comprised of USD 34,058,579.32 in cash, USD 29,650,920 in multiple voting stock valued at USD 390per share and USD 1,966,788.38 in assumption of debt.
At a 2016 meeting, Redstone, president of National Amusements, which controls about 80% of the voting stock of CBS and Viacom (VIAB), told Stephenson she was not interested in a deal, the people say, adding that Redstone did not inform the CBS board or Leslie Moonves, its chairman and CEO, of Stephenson's approach.