Code Section

Corporations Code - CORP

TITLE 1. CORPORATIONS [100 - 14707]

  ( Title 1 enacted by Stats. 1947, Ch. 1038. )
  

DIVISION 1. GENERAL CORPORATION LAW [100 - 2319]

  ( Division 1 repealed and added by Stats. 1975, Ch. 682. )
  

CHAPTER 1. General Provisions and Definitions [100 - 195]
  ( Chapter 1 added by Stats. 1975, Ch. 682. )

  
159.  

“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.)