If permitted in the articles,preferred stock can be redeemed by the corporation even if the holders do not wish to sell.

Question

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When preferred stock is issued, the articles of incorporation may allow the corporation to redeem the stock either at a certain date in the future or at any time at the discretion of the corporation if preferred stock redemption is permitted. In this case, even if the holders do not want to sell their shares, the corporation can buy them back at the predetermined price.

If Permitted in the Articles,preferred Stock Can Be Redeemed by the Corporation