CA Corp Code Section 511


Notwithstanding the provisions of this chapter, a negotiable instrument issued by a corporation for the purchase or redemption of shares shall be enforceable by a holder in due course (Section 3302 of the Commercial Code) without notice that it was issued for that purpose or by a person who acquired the instrument through such a holder.

Source: Section 511, .

Last Updated

Aug. 19, 2023

§ 511’s source at