1.

COMMON SHARES - These are ordinarily and usually issued stocks without
extraordinary rights and privileges, and entitle the shareholder to a pro rata
division of profits.
2. PREFERRED SHARES - These entitles the shareholder to some priority on
distribution of dividends and assets over those holders of common shares.
Preferred shares may be issued only with a stated par value
3. DE JURE CORPORATION - One created in strict or substantial conformity
with the mandatory statutory requirements for incorporation.
4. STOCK CERTIFICATE - certifies that one is a holder or owner of a certain
number of shares of stock in the corporation. It is a mere documentary evidence
of the holder’s ownership of shares and a convenient instrument for the transfer
of title.
5. REDEEMABLE SHARES - may be issued by the corporation when expressly so
provided in the articles of incorporation. They may be purchased or taken up by
the corporation upon the expiration of a fixed period, regardless of the existence
of unrestricted retained earnings in the books of the corporation, and upon such
other terms and conditions as may be stated in the articles of incorporation,
which terms and conditions
6. PAR VALUE SHARES - Shares with a value fixed in the articles of incorporation
and the certificates of stock. The par value fixes the minimum issue price of the
shares
7. NO PAR VALUE - These are shares having no stated value in the Articles of
Incorporation
8. DE FACTO CORPORATION- is one which actually exists for all practical purposes
as a corporation but which has no legal right to corporate existence as against
the State.
9. TREASURY SHARES - are shares of stock which have been issued and fully paid
for, but subsequently reacquired by the issuing corporation by purchase,
redemption, donation or through some other lawful means. Such shares may
again be disposed of for a reasonable price fixed by the board of directors.
10. FOUNDERS’ SHARES - Founders' shares classified as such in the articles of
incorporation may be given certain rights and privileges not enjoyed by the
owners of other stocks, provided that where the exclusive right to vote and be
voted for in the election of directors is granted, it must be for a limited period
not to exceed five (5) years subject to the approval of the Securities and
Exchange Commission.