California Corporations Code 159 – “Common shares” means shares which have no preference over any other …
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“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.
(Added by Stats. 1975, Ch. 682.)
Terms Used In California Corporations Code 159
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.