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A voluntary executor has the power to bring a wrongful death action.
No-Par Value Stock
Stock issued without a specified face value but which may have a stated value assigned by the company.
Stated Value
The value assigned to no-par-value stock by the board of directors of a company, which can then be used as the basis for accounting and legal purposes.
Dividends in Arrears
Unpaid dividends on cumulative preferred stock, which must be paid out before any dividends can be issued on common shares.
Cumulative Preferred Stockholders
Investors holding a type of preferred stock that accumulates dividends in arrears should the dividends not be declared in any given period.
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