California § 504. 504. (Amended by Stats. 2000, Ch. 112, Sec. 1.)

California Statutes

§ 504. — 504. (Amended by Stats. 2000, Ch. 112, Sec. 1.)

California § 504.

JurisdictionCalifornia

Code CORPCorporations Code - CORP

Div.1.

Title 1.DIVISION 1. GENERAL CORPORATION LAW

Ch. 5.CHAPTER 5. Dividends and Reacquisitions of Shares

This text of California § 504. (504. (Amended by Stats. 2000, Ch. 112, Sec. 1.)) 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 § 504. (2026).

Text

(a)The provisions of Section 500 do not apply to a dividend declared by either of the following:

(1)A regulated investment company, as defined in the federal Internal Revenue Code, as amended, to the extent that the dividend is necessary to maintain the status of the corporation as a regulated investment company under the provisions of that code.

(2)A real estate investment trust, as defined in Part II of Subchapter M of Chapter 1 of Subtitle A of the federal Internal Revenue Code, as amended, to the extent that the dividend is necessary to maintain the status of the corporation as a real estate investment trust under the provisions of that code.

(b)The provisions of this chapter do not apply to any purchase or redemption of shares redeemable at the option of the holder by a regi

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
The provisions of Section 500 do not apply to a dividend declared by either of the following:
(1)
A regulated investment company, as defined in the federal Internal Revenue Code, as amended, to the extent that the dividend is necessary to maintain the status of the corporation as a regulated investment company under the provisions of that code.
(2)
A real estate investment trust, as defined in Part II of
Subchapter M of Chapter 1 of Subtitle A of the federal Internal Revenue Code, as amended, to the extent that the dividend is necessary to maintain the status of the corporation as a real estate investment trust under the provisions of that code.
(b)
The provisions of this chapter do not apply to any purchase or redemption of shares redeemable at the option of the holder by a registered open-end investment company under the United States Investment Company Act of 1940, so long as the right of redemption remains unsuspended under the provisions of that statute and the articles and bylaws of the corporation.