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LSDefine

Simple English definitions for legal terms

nonvoting stock

Read a random definition: digital certificate

A quick definition of nonvoting stock:

Nonvoting stock is a type of stock that does not give the holder the right to vote on important decisions in the company. It is still a part of the company's capital and can be bought and sold like other types of stock, but the holder cannot participate in the company's management or decision-making processes.

A more thorough explanation:

Nonvoting stock is a type of stock that does not give the shareholder the right to vote on corporate matters. It is a class of stock that entitles the holder to receive dividends after other claims and dividends have been paid, and to share in assets upon liquidation. Nonvoting stock is often issued by companies to raise capital without diluting the voting power of existing shareholders.

For example, if a company has 100 shares of voting stock and wants to raise more capital, it can issue 100 shares of nonvoting stock. This way, the company can raise more money without giving up any voting power to new shareholders.

Another example is if a company wants to reward its employees with stock options, it may issue nonvoting stock options to avoid diluting the voting power of existing shareholders.

Nonvoting stock is a way for companies to raise capital or reward employees without giving up voting power. However, it also means that nonvoting shareholders have no say in the company's decisions.

nonvoting member | non vult contendere

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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