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California Corporations Code

§ 159

CORP § 159Div. 1 · Title 1 · Ch. 1

Statute text

View on leginfo.ca.gov
“Common shares” means shares which have no preference over any other shares with respect to distribution of assets on liquidation or with respect to payment of dividends.

Legislative history

Added by Stats. 1975, Ch. 682.

Source: California Corporations Code § 159 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.