Cal. Corporations Code § 163.1

California · California Corporations Code · Status: effective · Effective 2012-01-01

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Citation: Cal. Corporations Code § 163.1, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/791024
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For purposes of subdivision (b) of Section 500 and subdivision (b) of Section 506, “cumulative dividends in arrears” means only cumulative dividends that have not been paid as required on a scheduled payment date set forth in, or determined pursuant to, the articles of incorporation, regardless of whether those dividends had been declared prior to that scheduled payment date.