Statute · California Financial Code
Cal. Fin. Code § 1868 — International and Foreign Banking and Financing Corporations
Cal. Fin. Code § 1868
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No corporation shall be the holder of any shares of its own capital stock unless such stock shall have been taken to prevent loss upon a debt previously contracted in good faith, and stock so acquired shall, within six months from the time of its acquisition, be sold or disposed of at public or…
Citator
Cal. Fin. Code § 1868 — International and Foreign Banking and Financing Corporations is in force in the current edition of the Code, and nothing recorded condemns it.
No corporation shall be the holder of any shares of its own capital stock unless such stock shall have been taken to prevent loss upon a debt previously contracted in good faith, and stock so acquired shall, within six months from the time of its acquisition, be sold or disposed of at public or private sale.