Under the terms of this law, and except for the cases provided for therein, stockholders shall have the following rights as a minimum requirement:
- The right to participate in the distribution of corporate income and equity resulting from liquidation.
- Preemptive rights in connection with the creation of new investments or right of first refusal on the issue of new stock or bonds that can be converted into stock.
- The right to attend and vote at general meetings and the right to challenge corporate resolutions.
- The right to information.
These rights can be divided into two major groups as follows: those of a political nature or that are linked to the management of the company, and those of an economic nature that enable holders to receive a share of the company's profits, mainly through dividends.
These rights are not absolute and can be affected by the company's statutes or the specific type of stock or investment held.
Rights offered by stocks in limited liability companies may differ from those provided by other types of stock. Stocks that offer the same rights are considered as being from the same class. When there are several tranches of stock within the same class, those pertaining to the same tranche must have the same nominal value.
When preferred limited liability company stocks and other stocks are issued, the formalities that correspond to each specific case must be observed.