Cal. Corporations Code § 2308

California · California Corporations Code · Status: effective

Cite this

Citation: Cal. Corporations Code § 2308, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/791391
Permanent ID: ys:prov:791391@1
SHA-256: aaff334bb254f0d60c540b5f5e6738aa46704f9357a62ab0daf1e77d83c49613

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Chapter 5 of the new law applies to any distribution to its shareholders made after the effective date by a corporation existing on the effective date, except that any such distribution effected pursuant to a contract for the purchase or redemption of shares entered into by the corporation prior to the effective date may be made if permissible under Chapter 5 or under the prior law in effect at the time the contract was entered into.