Common stock - sustany/dvg GitHub Wiki

Common stock is a class of stock that represents equity ownership in a corporation. Owners of common stock, called shareholders, are entitled to the following rights:

• Voting rights to elect the members of the board of directors. Typically, shareholders may cast one vote per share. However, shareholders may establish deviations from this one-vote-per-share default rule in the corporation�s charter.
• A residual claim on the corporation�s assets and income in the form of dividends. Although shareholders that own common stock are not entitled to receive a periodic payment of dividends, they are entitled to collect them when the corporation�s board of directors declares its payment.
• In the event of liquidation of the corporation, shareholders may have rights to the corporation�s remaining assets, provided that the creditors and owners of preferred stock are repaid first.