Statute · California Corporations Code
Cal. Corp. Code § 505 — Dividends and Reacquisitions of Shares
Cal. Corp. Code § 505
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Corp. Code § 505 — Dividends and Reacquisitions of Shares is in force in the current edition of the Code, and nothing recorded condemns it.
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.