In the event of the liquidation of a corporation, treasury share ordinarily has preference as to liabilities and preference share has preference as to assets.

Name: In the event of the liquidation of a corporation, treasury share ordinarily has preference as to liabilities and preference share has preference as to assets.
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In the event of liquidation, preference shares have preference as to both assets and liabilities, whereas treasury shares have no preference.

In the Event of the Liquidation of a Corporation, Treasury