CA Corp Code Section 5055

“Liquidating price” or “liquidation preference,” as used in Part 3 (commencing with Section 7110), means amounts payable on memberships of any class, upon voluntary or involuntary dissolution, winding up or distribution of the entire assets of the corporation, in priority to amounts payable to members of another class or classes.

Source: Section 5055, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=5055..

Last Updated

Aug. 19, 2023

§ 5055’s source at ca.gov

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Location: https://california.public.law/codes/ca_corp_code_section_5055

Original Source: Section 5055, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=5055. (last accessed Aug. 19, 2023).