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LSDefine

Simple English definitions for legal terms

class voting

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A quick definition of class voting:

Class voting is when different groups of shareholders in a company vote separately on important changes that affect their specific rights and privileges. For example, one group of shareholders may have more voting power when it comes to decisions about dividends, while another group may have more say in decisions about mergers and acquisitions. This helps ensure that each group's interests are represented fairly in the decision-making process.

A more thorough explanation:

Definition: Class voting is a method of shareholder voting where different classes of shares vote separately on fundamental corporate changes that affect the rights and privileges of that class.

For example, if a company has two classes of shares, Class A and Class B, and a proposal is made to change the dividend payout for Class A shares, only the Class A shareholders would vote on that proposal. This ensures that each class of shareholders has a say in decisions that directly affect them.

Class voting is important because it allows shareholders to protect their interests and ensures that decisions are made in a fair and equitable manner.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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