Corporations Code § 12245.2
‹ § 12245§ 12246 ›Open in browserleginfo ↗12245.2.
“Preferred memberships” means memberships that have a preference over any other memberships with respect to distribution of assets on liquidation or with respect to payment of distributions.
(Added by Stats. 2013, Ch. 538, Sec. 1. (AB 1255) Effective January 1, 2014.)