Corp. Code, § 505 · Chapter 5. Dividends and Reacquisitions of Shares

Corp. Code, § 505

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

Nothing in this chapter prohibits additional restrictions upon the declaration of dividends or the purchase or redemption of a corporation’s own shares by provision in the articles or bylaws or in any indenture or other agreement entered into by the corporation.

Notes and commentary — not statutory text

History

Added by Stats. 1975, Ch. 682.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP&sectionNum=505.
Text hash: sha256 039a150c0086964080fcc9c5f7206564f126877253e7ccbca23662b9b1b1cbfe
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Corp. Code, § 505. Each shows the citation as that text prints it.

Corporations Code

Corp. Code, § 2115Printed as Sections 500 to 505, inclusive

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.