§ 2302.5
48 words·~1 min read·
/ca/corporations-code/2302-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The absence of any reference to par value in the articles of a corporation which is subject to the prior law relating to the contents of articles as specified in Section 2302 is equivalent to a statement that the shares of stock are to be without par value.