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LSDefine

Simple English definitions for legal terms

nonvoting stock

Read a random definition: petty larceny

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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General

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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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