{"data":{"id":"us-ca/corp-501","jurisdiction":"us-ca","citation":"CORP § 501","heading":"","body":"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.","path":["Corporations Code - CORP","TITLE 1. CORPORATIONS [100. - 14707.]","DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","CHAPTER 5. Dividends and Reacquisitions of Shares [500. - 511.]"],"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":"54b186f8fd568c7ad23d07139b3c6bbcb444f31aaafd8821496aa74335b2a7e1","source_id":"us-ca","stale":false,"prev":"us-ca/corp-500","next":"us-ca/corp-503"},"notice":"GroundRules: Original legal text. Not legal advice."}