Statute · California Corporations Code

Cal. Corp. Code § 163.1 — General Provisions and Definitions

Cal. Corp. Code § 163.1

Type: Statute
Source: California Corporations Code
Jurisdiction: California
Date: 2012-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

For purposes of subdivision (b) of Section 500 and subdivision (b) of Section 506, “cumulative dividends in arrears” means only cumulative dividends that have not been paid as required on a scheduled payment date set forth in, or determined pursuant to, the articles of incorporation, regardless…

Citator

Cal. Corp. Code § 163.1 — General Provisions and Definitions is in force in the current edition of the Code, and nothing recorded condemns it.

For purposes of subdivision (b) of Section 500 and subdivision (b) of Section 506, “cumulative dividends in arrears” means only cumulative dividends that have not been paid as required on a scheduled payment date set forth in, or determined pursuant to, the articles of incorporation, regardless of whether those dividends had been declared prior to that scheduled payment date.