Share

Share — a security with a fixed par value issued by a joint-stock company. Ownership of a share actually means that its holder has become a co-owner or shareholder of the company that issued the share.

• The right to own shares for an unlimited period;
• The right to sell shares or transfer them to trust;
• The right to own shares and valuable assets in any convenient form;
• The right to freely transport or transfer shares or valuable assets;
• The right to leave shares or valuable assets in inheritance, to transfer them to family members and any other persons.

There are two types of shares:

1. Ordinary share — the holder has the right to vote at meetings of shareholders. The amount of income on such shares depends on the company's profit.
2. Preference share — the amount of income on such shares does not depend on the profit of the issuing company. Holders of preference shares often have additional powers in the management of the issuing company.

In turn, preference shares are divided into the following types:

• Cumulative;
• Convertible;
• Constitutive;
• Non-cumulative;
• Inconvertible;
• Participatory.