California Legal Codes and Statutes

§ 159

Added by Stats. 1975, Ch. 682.

“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.

Cite this section

Cal. Corp. Code § 159 (2026)
https://ca.codecond.com/codes/corp/title-1-corporations/division-1-general-corporation-law/chapter-1-general-provisions-and-definitions/section-159

Other sections in Chapter 1 - General Provisions and Definitions

§ 100§ 101§ 102§ 103§ 104§ 105§ 106§ 107§ 108§ 109…§ 190.5§ 190.7§ 191§ 191.1§ 192§ 193§ 194§ 194.5§ 194.7§ 195

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