Voting Stock - Law Dictionary Search Results

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stock 1 a : the equipment, materials, or supplies of a business b : a store or supply accumulated ;esp : the inventory of the goods of a merchant or manufacturer 2 : the ownership element in a corporation usually divided into shares and represented by transferable certificates ;also : the certificate evidencing ownership of one or more shares of stock capital stock 1 : the stock that a corporation may issue under its charter including both common and preferred stock 2 : the outstanding shares of a joint stock company considered as an aggregate 3 : capitalization common stock : a class of stock whose holders share in company profits (as through dividends) on a pro rata basis, may vote for directors and on important matters such as mergers, and may have limited access to information not publicly available cumulative preferred stock : preferred stock whose holders are entitled to the payment of cumulative dividends as well as current dividends before common stockholders are ...

voting rights

voting rights 1 : rights of participation in esp. public elections see also Voting Rights Act in the Important Laws section 2 : the rights of shareholders or directors to vote on corporate matters compare voting stock at stock voting trust at trust ...

reorganization

reorganization 1 : the act of reorganizing : the state of being reorganized 2 a : the rehabilitation of the finances of a business in accordance with a plan approved by a bankruptcy court under the provisions of chapter 11 of the Bankruptcy Code b : any of various procedures (as recapitalization or merger) that affect the tax structure of a corporation under the Internal Revenue Code and often produce favorable tax treatment A reorganization [ā-] : a reorganization that consists of a merger or consolidation which complies with the requirements of applicable state statute B reorganization [bē-] : a reorganization involving the acquisition by one corporation of the stock of another corporation in exchange solely for all or some of the voting stock of the acquiring corporation or its parent either of which has control of the acquired corporation immediately after the acquisition C reorganization [sē-] : a reorganization involving the acquisition by one corporation...

straight voting

straight voting : a system of voting for corporate directors in which each shareholder may cast one vote for each share of stock owned for each seat in contention compare cumulative voting ...

trust

trust 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. accumulation trust : a trust in which principal and income are allowed to accumulate rather than being paid out NOTE: Accumulation trusts are disfavored and often restricted...

Shares, means shares in the share capital of a company carrying voting rights and includes--(i) any security which entitles the holder to receive shares with voting rights; (ii) stock except where a distinction between stock and share is expressed or implied. [Competition Act, 2002 (12 of 2003), s. 2(v)]Shares, means shares in the share capital of company carrying voting rights and includes--(i) any security which entitles the holder to receive shares with voting rights;(ii) stock except where a distinction between stock and share is expressed or implied;Competition Act, 2002, s. 2(v)....

split

split split split·ting : to divide into parts or portions: as a : to divide into factions, parties, or groups b : to mark (a ballot) or cast or register (a vote) so as to vote for candidates of different parties c : to divide (stock) by issuing a larger number of shares to existing shareholders usually without increase in total par value see also stock split d : to divide (a cause of action) into separate parts or claims for the purpose of instituting an action for less than all NOTE: Splitting a cause of action is usually prohibited. vi : to become divided or separated [the Supreme Court splitting five to four, sustained the law "R. H. Bork"] adj 1 : divided into portions, parts, or fragments [a trial] [a stock] 2 : divided by or in opinion [a court] [a decision] ...

phantom stock plan

phantom stock plan : a form of executive compensation in which an employee is granted units representing shares of stock which are redeemable at a specified future date for the market value of an equivalent number of corporate shares but which in the interval are nontransferable, have no cash value, and confer none of the noneconomic rights (as voting) conferred by ordinary stock ...

owner

owner : one with an interest in and often dominion over property: as a : legal owner in this entry b : one with the right to exclusive use, control, or possession of property c : a purchaser under a contract for the sale of real property see also equitable owner in this entry beneficial owner 1 : one holding a beneficial interest in a trust compare beneficial interest at interest 2 : one enjoying the benefit of property of which another is the legal owner [was the beneficial owner of property held by the parent corporation] 3 : one who has or shares the power to control the voting or investment of stock [was considered the beneficial owner of stock held by her minor children] equitable owner : one (as a beneficiary of a trust) who is considered to have rights or obligations of an owner regardless of legal title on the ground of equity [do not have legal title but, upon execution of the contract, they became equitable owners and have power to sue to protect their land "Desse...

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