There is a newer version of the California Code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 172
CA Corp Code § 172 (through 2012 Leg Sess) What's This?
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.
(Added by Stats. 1975, Ch. 682.)
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