California Corporations Code

§ 418

CORP § 418Div. 1 · Title 1 · Ch. 4

Statute text

(a)There shall also appear on the certificate, the initial transaction statement, and written statements (unless stated or summarized under subdivision (a) or (b) of Section 417) the statements required by all of the following clauses to the extent applicable:

(1)The fact that the shares are subject to restrictions upon transfer.

(2)If the shares are assessable or are not fully paid, a statement that they are assessable or the statements required by subdivision (d) of Section 409 if they are not fully paid.

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Legislative history

Amended by Stats. 1986, Ch. 766, Sec. 18.