California Statutes
§ 1306. — 1306. (Repealed and added by Stats. 1975, Ch. 682.)
California § 1306.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.1.
Title 1.DIVISION 1. GENERAL CORPORATION LAW
Ch. 13.CHAPTER 13. Dissenters’ Rights
This text of California § 1306. (1306. (Repealed and added by Stats. 1975, Ch. 682.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Corporations Code - CORP Code § 1306. (2026).
Text
To the extent that the provisions of Chapter 5 prevent the payment to any holders of dissenting shares of their fair market value, they shall become creditors of the corporation for the amount thereof together with interest at the legal rate on judgments until the date of payment, but subordinate to all other creditors in any liquidation proceeding, such debt to be payable when permissible under the provisions of Chapter 5.
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Related
In re Orange County Nursery, Inc.
484 B.R. 219 (C.D. California, 2012)
Legislative History
Repealed and added by Stats. 1975, Ch. 682.
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Bluebook (online)
California § 1306., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/1306..