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California Corporations Code

§ 406

CORP § 406Div. 1 · Title 1 · Ch. 4

Statute text

View on leginfo.ca.gov
Unless the articles provide otherwise, the board may issue shares, options or securities having conversion or option rights without first offering them to shareholders of any class.

Legislative history

Added by Stats. 1975, Ch. 682.

Source: California Corporations Code § 406 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.