The Organization And Management of Business Corporations

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193a. Form of Certificate to Trustee.
194. Rights of Trustee to Transfer.
195. Rights of Executor to Transfer.
196. Liability for Illegal Transfer.
197. Jurisdiction of Court.
198. Appeal Pending.
199. Assignment by Joint Owners.
200. Negotiability of Stock.
201. Lost Certificates. 201 a. Indemnity Bond.
202. Form of Indemnity Bond.
159. Definitions.
The issue of stock is next to be considered. In order that there may be a complete understanding of the terms in or- dinary use to designate the d
...ifferent classes of stock, certain definitions may not be amiss at this point.
160. Common Stock is that stock "which entitles the owners of it to an equal pro rata division of profits, if any there be ; one stockholder or class of stockholders having no advantage, priority, or preference over any other shareholder or class of stockholders in the division. " 1 161. Preferred Stock is stock which entitles the holder to certain privileges, the nature of which will be treated more fully hereafter. 2 162.


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