Cal. Corporations Code § 404

California · California Corporations Code · Status: effective

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Citation: Cal. Corporations Code § 404, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/791129
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Either in connection with the issue, subscription or sale of any of its shares, bonds, debentures, notes or other securities or independently thereof, a corporation may grant options to purchase or subscribe for shares of any class or series upon such terms and conditions as may be deemed expedient. Option rights may be transferable or nontransferable and separable or inseparable from other securities of the corporation.