If a "Liquidation Preference" Is Provided, Preferred Stock Usually Has

question 40

True/False

If a "liquidation preference" is provided, preferred stock usually has priority over common stock to the extent the articles of incorporation state.

---

Definitions:

Big Words

Complex, sophisticated, or technical terms often used to sound impressive or convey in-depth knowledge on a subject.

Clear

Easy to perceive, understand, or interpret without any ambiguity or doubt.

Administrative Prerequisites

Required administrative steps or conditions that must be satisfied before proceeding with a specific action or policy.

Legal Claims

Formal allegations or demands for something, typically money or the enforcement of a right, made in a court of law.