TITLE 1. CORPORATIONS 100-14631›DIVISION 1. GENERAL CORPORATION LAW 100-2319›CHAPTER 5. Dividends and Reacquisitions of Shares 500-511

§ 511

California Corporations Code · 2020-11 edition · updated 2026-10-04 · California

Notwithstanding the provisions of this chapter, a negotiable instrument issued by a corporation for the purchase or redemption of shares shall be enforceable by a holder in due course (Section 3302 of the Commercial Code) without notice that it was issued for that purpose or by a person who acquired the instrument through such a holder.

(Added by Stats. 1978, Ch. 370.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Corporations Code

California Corporations Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.