BlackletterCalifornia law

Corporations Code § 159

CHAPTER 1. General Provisions and Definitions

Current as of September 28, 2026Corp. Code, § 159Official source ↗Ask about this

Added by Stats. 1975, Ch. 682.

“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.