Voting Rights - Preferred Shares

The video tutorial explains the differences in voting rights between common and preferred shareholders. It highlights that while common shareholders typically have voting rights, preferred shareholders may also have them under certain conditions. The tutorial discusses common provisions allowing preferred shareholders to vote alongside common shareholders, and other provisions granting them specific voting rights for board elections or corporate actions. It also covers legal limitations, particularly in states like California, ensuring that preferred shareholder rights do not diminish those of common shareholders.

What limitations exist regarding the voting rights of preferred shareholders in relation to common shareholders?

In what ways can state laws affect the voting rights of preferred shareholders?