Legal Definitions - blank stock

Blank stock is a type of stock that has voting powers and rights set by the issuer's board of directors after the stock has been sold. This means that the board of directors can decide on the voting rights and other privileges of the stock after it has been sold to investors.

For example, if a company sells blank stock to investors, the board of directors can later decide to give the stockholders voting rights or other privileges based on the company's needs or goals.

This type of stock is different from other types of stock, such as common stock or preferred stock, which have predetermined voting rights and privileges.