Section 87. Rights and privileges of stockholders

(1) The stockholders shall, according to the amount of the stock held by the stockholders, have the same rights, privileges and advantages with regards to dividends, voting at meetings of the company and other matters as if the stockholders held the shares from which the stock arose.

(2) Notwithstanding subsection (1), no privilege or advantage except participation in the dividends and profits of the company and in the assets on winding up shall be conferred by any such part of stock which would not, if existing shares have conferred that privilege or advantage.