Preferred Shares
Preferred shares or "preferred stock" are so called because they give their owners a priority claim whenever a company pays dividends or distributes assets to shareholders.
Share:
The owners of preferred shares is called a preferred shareholder and the rights attached to these shares are set out in the articles.
This glossary provides an overview of some key legal terms for startups. It's essential to consult with a legal professional to ensure a comprehensive understanding of these terms and their implications for your specific situation.
