Involuntary liquidation preference
Involuntary liquidation preference
A premium that must be paid to preferred or preference stockholders if the issuer of the stock is forced into involuntary liquidation.
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01 par value; Authorized 8,000 shares; issued and outstanding, 473 shares in 2003 (aggregate involuntary liquidation preference $473,000 at December 31, 2003) -- 4 Series B convertible Preferred Stock, $0.
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