{"data":{"id":"us-ca/corp-2308","jurisdiction":"us-ca","citation":"CORP § 2308","heading":"","body":"Chapter 5 of the new law applies to any distribution to its shareholders made after the effective date by a corporation existing on the effective date, except that any such distribution effected pursuant to a contract for the purchase or redemption of shares entered into by the corporation prior to the effective date may be made if permissible under Chapter 5 or under the prior law in effect at the time the contract was entered into.","path":["Corporations Code - CORP","TITLE 1. CORPORATIONS [100. - 14707.]","DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","CHAPTER 23. Transition Provisions [2300. - 2319.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"aaff334bb254f0d60c540b5f5e6738aa46704f9357a62ab0daf1e77d83c49613","source_id":"us-ca","stale":false,"prev":"us-ca/corp-2307","next":"us-ca/corp-2309"},"notice":"GroundRules: Original legal text. Not legal advice."}