Statute · California Corporations Code
Cal. Corp. Code § 5055 — GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5
Cal. Corp. Code § 5055
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Liquidating price” or “liquidation preference,” as used in Part 3 (commencing with Section 7110), means amounts payable on memberships of any class, upon voluntary or involuntary dissolution, winding up or distribution of the entire assets of the corporation, in priority to amounts payable to…
Citator
Cal. Corp. Code § 5055 — GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5 is in force in the current edition of the Code, and nothing recorded condemns it.
“Liquidating price” or “liquidation preference,” as used in Part 3 (commencing with Section 7110), means amounts payable on memberships of any class, upon voluntary or involuntary dissolution, winding up or distribution of the entire assets of the corporation, in priority to amounts payable to members of another class or classes.