BlackletterCalifornia law

Corporations Code § 12245.2

ARTICLE 2. General Provisions and Definitions

Current as of September 28, 2026Corp. Code, § 12245.2Official source ↗

Added by Stats. 2013, Ch. 538, Sec. 1. (AB 1255) Effective January 1, 2014.

“Preferred memberships” means memberships that have a preference over any other memberships with respect to distribution of assets on liquidation or with respect to payment of distributions.