California Corporations Code

§ 172

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CORP § 172Div. 1 · Title 1 · Ch. 1

Statute text

View on leginfo.ca.gov

“Liquidation price” or “liquidation preference” means amounts payable on shares of any class upon voluntary or involuntary dissolution, winding up or distribution of the entire assets of the corporation, including any cumulative dividends accrued and unpaid, in priority to shares of another class or classes.

Legislative history

Added by Stats. 1975, Ch. 682.