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Is there any reason they don't use different classes of common?
by byrneseyeview 19y ago
Is there any reason they don't use different classes of common?
- cperciva 19y agoFor all I know, it might just be that lawyers have preconceived notions of what "preferred" stock is and what "common" stock is, and call something one or the other based on those traditions. When I've seen multiple classes of common stock, the only differences have been voting rights -- but I don't know if there are any legal limits to how much difference there can be between classes of "common" stock.