California Corporations Code 5043 – “Common shares,” as used in Part 3 (commencing with Section 7110), …
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“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.
(Amended by Stats. 1983, Ch. 101, Sec. 17.)
Terms Used In California Corporations Code 5043
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.