Corporations Code section 172

“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.

Source: Section 172, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=172. (accessed May 19, 2025).

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Last Updated

May 12, 2025

§ 172’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_172

Original Source: Section 172, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=172. (last accessed May 12, 2025).