California Corporations Code

§ 511

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CORP § 511Div. 1 · Title 1 · Ch. 5

Statute text

View on leginfo.ca.gov

Notwithstanding the provisions of this chapter, a negotiable instrument issued by a corporation for the purchase or redemption of shares shall be enforceable by a holder in due course (Section 3302 of the Commercial Code) without notice that it was issued for that purpose or by a person who acquired the instrument through such a holder.

Legislative history

Added by Stats. 1978, Ch. 370.