Corporations Code section 406

Unless the articles provide otherwise, the board may issue shares, options or securities having conversion or option rights without first offering them to shareholders of any class.

Source: Section 406, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=406. (updated Jan. 1, 1975; accessed Jun. 9, 2025).

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Last Updated

Jan. 1, 1975

§ 406’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_406

Original Source: Section 406, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=406. (last accessed May 12, 2025).