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California Law (Last Updated: March 4, 2014) |
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Corporations Code - CORP |
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Title 1. CORPORATIONS |
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Division 1. GENERAL CORPORATION LAW |
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Chapter 5. Dividends and Reacquisitions of Shares |
Section 505.
Latest version.
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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.
(Added by Stats. 1975, Ch. 682.)