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California Corporations Code

§ 5043

CORP § 5043Div. 2 · Title 1 · Part 1
“Common shares,” as used in Part 3 (commencing with Section 7110), 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

Amended by Stats. 1983, Ch. 101, Sec. 17.

Source: California Corporations Code § 5043 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.