{"code":"CORP","codeName":"Corporations Code","section":"159","citation":"Corp. Code, § 159","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","url":"https://blackletter.si/corporations-code/title-1/division-1"},{"name":"CHAPTER 1. General Provisions and Definitions [100. - 195.]","url":"https://blackletter.si/corporations-code/title-1/division-1/chapter-1"}],"history":"Added by Stats. 1975, Ch. 682.","effective":null,"html":"<p>“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.</p>","text":"“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.","otherVersions":[],"url":"https://blackletter.si/corporations-code/general-provisions-and-definitions-159","source":"California Legislative Information bulk export (pubinfo)"}