California Public Resources Code

§ 4733

PRC § 4733Div. 4 · Part 2 · Ch. 10 · Art. 7

Statute text

No shareholder of any corporation formed pursuant to this article shall receive or accept from the corporation in repayment of his investment in its shares any sum in excess of the par value of the shares together with current dividends of not to exceed 7 percent per annum of the par value and any cumulative dividends to which the shareholder may be entitled.

Legislative history

Added by Stats. 1965, Ch. 1144.