An S-Corporation Can Issue Both Voting and Non-Voting Common Stock

question 13

True/False

An S-corporation can issue both voting and non-voting common stock to its shareholders.

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Definitions:

Criminal Prosecutions

The process of charging someone with a crime and conducting a trial to determine guilt or innocence.

Prosecutor

A legal official who accuses someone of committing a crime and seeks to prove their guilt in a court of law.

Racketeer Influenced and Corrupt Organizations Act

A federal law, commonly known as RICO, aimed at combating organized crime by allowing for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization.

Treble Damages

A form of punitive damages awarded in litigation, where the amount of actual damages is tripled as a punishment to the defendant and deterrent to others.