8 Del. C. § 151(d): preferred stock's rights on dissolution are those its charter states (8 Del. C. § 151(d))
What investors holding preferred stock receive when the company dissolves or distributes its assets is what the charter says, so the charter decides the order in which the proceeds of a data sale reach the stockholders.
Dated 21 Oct 2026Source checked 21 Oct 2026Quote found on its page again 21 Oct 2026Basis: primary text
In the source's own words
“The holders of the preferred or special stock of any class or of any series thereof shall be entitled to such rights upon the dissolution of, or upon any distribution of the assets of, the corporation as shall be stated in the certificate of incorporation”
Figures it counts in
It is shown on its own, not counted into a figure.
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