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California Corporations Code

§ 511

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.

Source: California Corporations Code § 511 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.