preferred stock
Defined in 2 places across 2 titles of the United States Code.
the term “preferred stock” means any class or series of preferred stock, and any class or series of common stock having liquidation and dividend rights and preferences superior to the common stock of the Corporation offered for sale under section 1312 of this title;
Source
- 1994–present45 U.S.C. § 1303Railroads · Definitions · for the purposes of this chapter
The term “preferred stock” means stock which is limited and preferred as to dividends and does not participate in corporate growth to any significant extent.
Source
- 1997–200526 U.S.C. § 351Internal Revenue Code · Transfer to corporation controlled by transferor · under this section
The term “preferred stock” means stock which is limited and preferred as to dividends and does not participate in corporate growth to any significant extent. Stock shall not be treated as participating in corporate growth to any significant extent unless there is a real and meaningful likelihood of the shareholder actually participating in the earnings and growth of the corporation. If there is not a real and meaningful likelihood that dividends beyond any limitation or preference will actually be paid, the possibility of such payments will be disregarded in determining whether stock is limited and preferred as to dividends.
Source
- 2005–present26 U.S.C. § 351Internal Revenue Code · Transfer to corporation controlled by transferor · under this section