Assertion: preferred share | /r/HasAspect | special voting rights
Facets:
value: to approve extraordinary events
type: PURPOSE
Source sentences:
text: Some preferred shares have special voting rights to approve extraordinary events (such as the issuance of new shares or approval of the acquisition of a company) or to elect directors, but most preferred shares have no voting rights associated with them; some preferred shares gain voting rights when the preferred dividends are in arrears for a substantial time.