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The California General Corporation Law authorizes a corporation to “issue one or more classes or series of shares or both, with full, limited or no voting rights”. Cal. Corp. Code § 400(a). Thus, it may be reasonable to assume that when a corporation issues shares with no voting rights, those shares would have no right to…
The post When Non-Voting Shares Have The Right To Vote appeared first on CALIFORNIA CORPORATE & SECURITIES LAW.
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