§ 1306
71 words·~1 min read·
/ca/corporations-code/1306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.