California § 2308. 2308. (Added by Stats. 1975, Ch. 682.)

California Statutes

§ 2308. — 2308. (Added by Stats. 1975, Ch. 682.)

California § 2308.

JurisdictionCalifornia

Code CORPCorporations Code - CORP

Div.1.

Title 1.DIVISION 1. GENERAL CORPORATION LAW

Ch. 23.CHAPTER 23. Transition Provisions

This text of California § 2308. (2308. (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 § 2308. (2026).

Text

Chapter 5 of the new law applies to any distribution to its shareholders made after the effective date by a corporation existing on the effective date, except that any such distribution effected pursuant to a contract for the purchase or redemption of shares entered into by the corporation prior to the effective date may be made if permissible under Chapter 5 or under the prior law in effect at the time the contract was entered into.

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Chapter 5 of the new law applies to any distribution to its shareholders made after the effective date by a corporation existing on the effective date, except that any such distribution effected pursuant to a contract for the purchase or redemption of shares entered into by the corporation prior to the effective date may be made if permissible under Chapter 5 or under the prior law in effect at the time the contract was entered into.

Legislative History

Added by Stats. 1975, Ch. 682.

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California § 2308., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/2308..