Boise Idaho Business Guide: Profits
No. An Idaho C-Corporation pays out dividends of company profit in accordance with the classes of stock (if more than one class exist) and the Bylaws. There is no way to discriminate against a shareholder across the same class of stock.
However, an Idaho C-Corporation may issue several classes of common and preferred stock depending on its ownership structure and financing needs. A class of stock is differentiated by the level of voting rights shareholders receive and the order in which dividends are paid to shareholders.
All voting rights and dividend payments of an Idaho C-Corporation are spelled out in the Bylaws.
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