Home/California/Statutes/Code CORP: Corporations Code - CORP/Div.: 3./Title 1.: DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES/Part 3.: PART 3. FISH MARKETING/Ch. 5.: CHAPTER 5. Stock/§ 13315.
California Statutes

§ 13315. — 13315. (Added by Stats. 1953, Ch. 207.)

California § 13315.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.3.
Title 1.DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES
Part 3.PART 3. FISH MARKETING
Ch. 5.CHAPTER 5. Stock

This text of California § 13315. (13315. (Added by Stats. 1953, Ch. 207.)) 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 § 13315. (2026).

Text

An association may, at any time, as specified in the by-laws, except when the debts of the association exceed 50 percent of its assets, buy in or purchase its common stock at the book value thereof, as conclusively determined by the board of directors and pay for it in cash within one year thereafter.

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Legislative History

Added by Stats. 1953, Ch. 207.
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California § 13315., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/13315..