Cal. Corp. Code § 505

Current through the 2023 Legislative Session.
Section 505 - Additional restrictions not prohibited

Nothing in this chapter prohibits additional restrictions upon the declaration of dividends or the purchase or redemption of a corporation's own shares by provision in the articles or bylaws or in any indenture or other agreement entered into by the corporation.

Ca. Corp. Code § 505

Added by Stats. 1975, Ch. 682.