class rights

class rights
Each class of share has specific rights, usually contained in the Articles of Association or the documentation creating the shares. These relate to dividend, return of capital, voting and other similar rights. Any variation of class rights must be approved by resolutions at separate meetings of shareholders in that class (section 125 Companies Act 1985).

Easyform Glossary of Law Terms. — UK law terms.


class rights
rights that attach to a particular class of shares but not to another class or to shareholders generally; such rights may be created by a company's memorandum of association or articles of association and may relate to such matters as the right to a dividend, the right to share in surplus assets if the company is wound up, and the right to attend and vote at company meetings.
The particular relevance relates to occasions when the company in general meeting wants to alter its capital (or take other action) that will affect the rights of particular classes of shareholders differently from others.

Collins dictionary of law. . 2001.


class rights
Rights attaching to a particular class of shares.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • class — n: a group of persons or things having characteristics in common: as a: a group of persons who have some common relationship to a person making a will and are designated to receive a gift under the will but whose identities will not be determined …   Law dictionary

  • class meetings — Each class of share has specific rights, usually contained in the Articles of Association or the documentation creating the shares. These relate to dividend, return of capital, voting and other similar rights. Any variation of class rights must… …   Law dictionary

  • class action — n: an action in which a representative plaintiff sues or a representative defendant is sued on behalf of a class of plaintiffs or defendants who have the same interests in the litigation as their representative and whose rights or liabilities can …   Law dictionary

  • Class Action Fairness Act of 2005 — Full title An Act to amend the procedures that apply to consideration of interstate class actions to assure fairer outcomes for class members and defendants, and for other purposes. Enacted by the 109th United States Congress …   Wikipedia

  • Class CNBC — Launched June 14, 2000 Owned by Class Editori (60%), Mediaset (20%), NBC Universal (20%) Picture format 4:3 (576i, SDTV) …   Wikipedia

  • Class Action (film) — Class Action Theatrical release poster Directed by Michael Apted Produced by …   Wikipedia

  • class action — /klas ak sheuhn, klahs /, adj. a legal proceeding in which persons representing interests common to a large group participate as representatives of the group or class. [1950 55] * * * In law, an action in which a representative plaintiff sues or… …   Universalium

  • Class action — This article is about the legal term. For names of various art works, see Class Action (disambiguation). Civil procedure in the United States Federal Rules of Civil Procedure Doctrines of civil procedure Jurisdiction Subject matter jurisdiction… …   Wikipedia

  • class — See tranche. American Banker Glossary In the case of derivative products, options of the same type put or call with the same underlying security. Bloomberg Financial Dictionary See: series. Bloomberg Financial Dictionary In general, refers to a… …   Financial and business terms

  • Class War — This article is about the organisation and newspaper. For the general concept, see Class war (disambiguation). Class War Part of the Politics series on …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”