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California Corporations Code

§ 404

CORP § 404Div. 1 · Title 1 · Ch. 4

Statute text

View on leginfo.ca.gov
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.

Legislative history

Added by Stats. 1975, Ch. 682.

Source: California Corporations Code § 404 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.