CORP § 1306
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]
- CHAPTER 13. Dissenters’ Rights [1300. - 1313.]
To the extent that the provisions of Chapter 5 prevent the payment to any holders of dissenting shares of their fair market value, they shall become creditors of the corporation for the amount thereof together with interest at the legal rate on judgments until the date of payment, but subordinate to all other creditors in any liquidation proceeding, such debt to be payable when permissible under the provisions of Chapter 5.
Collected 2026-09-14T05:56:33Z. Source file · JSON