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Earlier editions: 2020-112018-11

TITLE 1. CORPORATIONS 100-14707›DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES 12000-14707›PART 2. COOPERATIVE CORPORATIONS 12200-12704›CHAPTER 1. General Provisions, Organization and Bylaws 12200-12340›ARTICLE 2. General Provisions and Definitions 12210-12256

§ 12245.2

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

“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.)

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California Corporations Code

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