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Can preferred stock owned by the Husband be awared to the Wife as part of financial settlement legal proceedings
Response 1: Yes. Preferred stockholders share the same characteristics as common stockholders. However, they are paid dividends before the common stock holders. The preferred stockholders usually do not have voting rights. There are no restrictions placed on the stocks that would prevent them from being transferred to someone else.
Response 2: No. The restricted stock cannot be transferred because of the restriction on rights. This usually means that the stock must vest before the stockholder owns the stock outright.