A corporation is required to have at least one class of stock with voting rights.

Name: A corporation is required to have at least one class of stock with voting rights.
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Question

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According to the laws governing corporations, a corporation is required to have at least one class of stock with voting rights. This class of stock allows shareholders to vote on important matters such as electing board members and approving major decisions made by the company.

A Corporation Is Required to Have at Least One Class