The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CLASSIFIED COMMON STOCK Definition & Legal Meaning

Definition & Citations:

Stock in many categories that is typically divided into two classes based on benefits. ClassA is available to the public; a non-voting, dividend-paying stock . ClassB is voting stock held by the management, paying no dividend yet appreciates with the growth of the firm. Known also as classified ordinary shares.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.