Differences in Voting Powers Are Permissible Across Shares of S

question 90

True/False

Differences in voting powers are permissible across shares of S corporation stock as long as the shares have identical distribution and liquidation rights.

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Definitions:

Ground

The solid surface of the Earth, where various geological and biological processes occur.

Drumlins

streamlined, elongated hills formed by glacial action, made of till and shaped like inverted spoons.

Sediment

Particles of rock, minerals, or biological materials that have been transported and deposited by wind, water, or ice, often forming layers in bodies of water.

Glacier

A large mass of ice, formed from compacted layers of snow, that moves slowly over land.