§ 4733
63 words·~1 min read·
/ca/public-resources-code/4733A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No shareholder of any corporation formed pursuant to this article shall receive or accept from the corporation in repayment of his investment in its shares any sum in excess of the par value of the shares together with current dividends of not to exceed 7 percent per annum of the par value and any cumulative dividends to which the shareholder may be entitled.