Corporations Code section 505

Nothing in this chapter prohibits additional restrictions upon the declaration of dividends or the purchase or redemption of a corporation’s own shares by provision in the articles or bylaws or in any indenture or other agreement entered into by the corporation.

Source: Section 505, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=505. (updated Jan. 1, 1975; accessed Jun. 9, 2025).

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Last Updated

Jan. 1, 1975

§ 505’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_505

Original Source: Section 505, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=505. (last accessed May 12, 2025).