2006. Distribution may be made either in money or in property or securities and either in installments from time to time or as a whole, if this can be done fairly and ratably and in conformity with the provisions of the articles and the rights of the shareholders, and shall be made as soon as reasonably consistent with the beneficial liquidation of the corporate assets.
(Added by Stats. 1975, Ch. 682.)Section: Previous 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Next
Last modified: September 9, 2016