This means they have partial ownership of the company.
Like common stock, preferred stocks represent partial ownership in a company.
When various shareholders have partial ownership of a company, they want to make sure whoever's running the show is looking out for their best interests.
But after a few decades these people filed for partial ownership of the land and occupied them permanently.
By the late 1990's, stocks had lost any connection to the value of the businesses in which they represented partial ownership.
Over the years, the following entities have held partial ownership in the company:
It had partial ownership in 60 oil field licenses and was operator of 18.
The families have maintained at least partial ownership of both teams since their foundings.
When you buy stock, you're buying partial ownership in a company.
It would also retain partial ownership and operational responsibility for the new plant.