§ 2006
64 words·~1 min read·
/ca/corporations-code/2006A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Distribution may be made either in money or in property or securities and either in installments from time to time or as a whole, if this can be done fairly and ratably and in conformity with the provisions of the articles and the rights of the shareholders, and shall be made as soon as reasonably consistent with the beneficial liquidation of the corporate assets.