If a "liquidation preference" is provided, preferred stock usually has priority over common stock to the extent the articles of incorporation state.

Name: If a "liquidation preference" is provided, preferred stock usually has priority over common stock to the extent the articles of incorporation state.
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Liquidation preference is a feature of preferred stock that gives holders priority over common stockholders in the event of a liquidation, as specified in the company's articles of incorporation.

If a "Liquidation Preference" Is Provided, Preferred Stock Usually Has