Statute · California Corporations Code
Cal. Corp. Code § 406 — Shares and Share Certificates
Cal. Corp. Code § 406
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Unless the articles provide otherwise, the board may issue shares, options or securities having conversion or option rights without first offering them to shareholders of any class.
Citator
Cal. Corp. Code § 406 — Shares and Share Certificates is in force in the current edition of the Code, and nothing recorded condemns it.
Unless the articles provide otherwise, the board may issue shares, options or securities having conversion or option rights without first offering them to shareholders of any class.