BlackletterCalifornia law

Corporations Code § 172

CHAPTER 1. General Provisions and Definitions

Current as of September 28, 2026Corp. Code, § 172Official source ↗

Added by Stats. 1975, Ch. 682.

“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.