There is a newer version of the California Code
2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
CHAPTER 1. General Provisions and Definitions
Section 159
CA Corp Code § 159 (through 2012 Leg Sess) What's This?
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.)
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