Examples of Class D Stock in a sentence
The shares of Class D Stock are not entitled to receive any dividends or any distribution on a voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company.
Class A Common Stock, Class B Common Stock, Class C Stock, Class D Stock and Preferred Stock of this association shall be transferable only with the consent of the Board of Directors and only after the same shall have been offered for sale to this association.
Any individual other than an individual which is eligible to hold Class B Common Stock may become a non-voting member of this association upon the approval of the Board of Directors, by the purchase of a share of Class D Stock, par value $1.00, and compliance with such uniform conditions as may be prescribed by the Board of Directors.
The Class D Stock entitles its holders to 10 votes per share on matters submitted for stockholder action.
Holders of Class C Stock and Class D Stock are stockholders of PKS.