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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 511.
Latest version.
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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.
(Added by Stats. 1978, Ch. 370.)