§ 1307
50 words·~1 min read·
/ca/corporations-code/1307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Cash dividends declared and paid by the corporation upon the dissenting shares after the date of approval of the reorganization by the outstanding shares (Section 152) and prior to payment for the shares by the corporation shall be credited against the total amount to be paid by the corporation therefor.