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1. Common Shares – A basic class of stock ordinarily and usually issued without extraordinary rights or privileges and entitles the shareholder to a pro rata division of profits.
2. Founders Shares – Given rights and privileges not enjoyed by owners of other stocks; exclusive right to vote/be voted in the election of directors shall not exceed 5 years (note: within this period, common shares are deprived of their voting rights)
3. Preferred Shares – Issued only with par value; given preference in distribution of assets in liquidation and in payment of dividends and other preferences stated in the articles of incorporation; may be deprived of voting rights.
4. Redeemable Shares – Expressly provided in articles; have to be purchased/taken up upon
expiration of period of said shares purchased whether or not there is unrestricted retained earnings; may be deprived of voting rights.
5. Treasury Stocks – stocks previously issued and fully paid for and reacquired by the corporation through lawful means (purchase, donation, etc.); not entitled to vote and no dividends could be declared thereon as corporations cannot declare dividends to itself.
2. Founders Shares – Given rights and privileges not enjoyed by owners of other stocks; exclusive right to vote/be voted in the election of directors shall not exceed 5 years (note: within this period, common shares are deprived of their voting rights)
3. Preferred Shares – Issued only with par value; given preference in distribution of assets in liquidation and in payment of dividends and other preferences stated in the articles of incorporation; may be deprived of voting rights.
4. Redeemable Shares – Expressly provided in articles; have to be purchased/taken up upon
expiration of period of said shares purchased whether or not there is unrestricted retained earnings; may be deprived of voting rights.
5. Treasury Stocks – stocks previously issued and fully paid for and reacquired by the corporation through lawful means (purchase, donation, etc.); not entitled to vote and no dividends could be declared thereon as corporations cannot declare dividends to itself.
