Statute · California Corporations Code
Cal. Corp. Code § 159 — General Provisions and Definitions
Cal. Corp. Code § 159
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“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.
Citator
Cal. Corp. Code § 159 — General Provisions and Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“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.