TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 1. GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5 5002-5080

§ 5043

California Corporations Code · 2018-11 edition · updated 2026-10-04 · California

“Common shares,” as used in Part 3 (commencing with Section 7110), 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.

(Amended by Stats. 1983, Ch. 101, Sec. 17.)

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California Corporations Code

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