Statute · California Public Resources Code
Cal. Pub. Res. Code § 4733 — Protection and Development Corporations
Cal. Pub. Res. Code § 4733
- Type
- Statute
- Source
- California Public Resources Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No shareholder of any corporation formed pursuant to this article shall receive or accept from the corporation in repayment of his investment in its shares any sum in excess of the par value of the shares together with current dividends of not to exceed 7 percent per annum of the par value and…
Citator
Cal. Pub. Res. Code § 4733 — Protection and Development Corporations is in force in the current edition of the Code, and nothing recorded condemns it.
No shareholder of any corporation formed pursuant to this article shall receive or accept from the corporation in repayment of his investment in its shares any sum in excess of the par value of the shares together with current dividends of not to exceed 7 percent per annum of the par value and any cumulative dividends to which the shareholder may be entitled.