BlackletterCalifornia law

Corporations Code § 5043

PART 1. GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5

Current as of September 28, 2026Corp. Code, § 5043Official source ↗

Amended by Stats. 1983, Ch. 101, Sec. 17.

“Common shares,” as used in Part 3 (commencing with Section 7110), 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.