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One of the most important state laws affecting business is:
Common Stock
Equity ownership in a corporation, often with voting rights, representing a claim on a portion of the company's profits.
Significant Influence
The power to participate in the financial and operating policy decisions of an investee but not control or jointly control over those policies.
Voting Stock
Shares that give the shareholder voting rights in the corporation's decisions, typically in elections for the board of directors.
Convertible Bonds
Debt securities issued by a corporation that can be converted into a specified number of shares of the corporation's stock at the option of the bondholder, typically at certain times during the bond's life.
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