§ 172
45 words·~1 min read·
/ca/corporations-code/172A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“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.