California § 501. 501. (Repealed and added by Stats. 1975, Ch. 682.)

California Statutes

§ 501. — 501. (Repealed and added by Stats. 1975, Ch. 682.)

California § 501.

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 § 501. (501. (Repealed and added by Stats. 1975, Ch. 682.))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 § 501. (2026).

Text

Neither a corporation nor any of its subsidiaries shall make any distribution to the corporation’s shareholders (Section 166) if the corporation or the subsidiary making the distribution is, or as a result thereof would be, likely to be unable to meet its liabilities (except those whose payment is otherwise adequately provided for) as they mature.

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