At least one class of a company's common share must have all three of the following rights EXCEPT

Question

Quizplus · Accepted Answer

The right to convert shares to cumulative participating preferred shares is not one of the three fundamental rights that all classes of a company's common share must have. The three fundamental rights are the right to vote at meetings of the company's shareholders, the right to receive dividends if declared, and the right to a share of the company's net assets upon liquidation of the company.

At Least One Class of a Company's Common Share Must