Statute · California Corporations Code
Cal. Corp. Code § 511 — Dividends and Reacquisitions of Shares
Cal. Corp. Code § 511
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Notwithstanding the provisions of this chapter, a negotiable instrument issued by a corporation for the purchase or redemption of shares shall be enforceable by a holder in due course (Section 3302 of the Commercial Code) without notice that it was issued for that purpose or by a person who…
Citator
Cal. Corp. Code § 511 — Dividends and Reacquisitions of Shares is in force in the current edition of the Code, and nothing recorded condemns it.
Notwithstanding the provisions of this chapter, a negotiable instrument issued by a corporation for the purchase or redemption of shares shall be enforceable by a holder in due course (Section 3302 of the Commercial Code) without notice that it was issued for that purpose or by a person who acquired the instrument through such a holder.