Corporations Code section 1307

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.

Source: Section 1307, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=1307.­ (updated Jan. 1, 1975; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 1975

§ 1307’s source at ca​.gov