DIY Legal Forms

“Help us to stay online by your kind donation.

Every penny will help.”

PayPal

Classes of Stock Voting and Non Voting

1. Total Shares. The aggregate number of shares the corporation (Corporation) has the authority to issue are [number] shares, being no more than [number] shares of Class A Stock and [number] shares of Class B Stock (as defined in Paragraph 2).

2. Classes and Rights. The shares of Corporation are divided into two classes of stock--Class A and Class B. The two classes of stock are identical in rights and powers except that the holders of Class B Stock shall have no voting power for any purpose. All voting power is vested exclusively in the holders of Class A Stock.

3. Both Class A and Class B stock shall be issued at a par value of ........ dollars ($........) [or, both Class A and Class B stock shall be issued with no par value; or, the Class A stock shall be issued at a par value of ........ dollars ($........), and the Class B stock shall be issued at no par value].