California · Through 2026-09-13

CORP § 501

Where this section sits in the code

Corporations Code - CORP
TITLE 1. CORPORATIONS [100. - 14707.]
DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]
CHAPTER 5. Dividends and Reacquisitions of Shares [500. - 511.]

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.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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