{"code":"CORP","codeName":"Corporations Code","section":"2308","citation":"Corp. Code, § 2308","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","url":"https://blackletter.si/corporations-code/title-1/division-1"},{"name":"CHAPTER 23. Transition Provisions [2300. - 2319.]","url":"https://blackletter.si/corporations-code/title-1/division-1/chapter-23"}],"history":"Added by Stats. 1975, Ch. 682.","effective":null,"html":"<p>Chapter 5 of the new law applies to any distribution to its shareholders made after the effective date by a corporation existing on the effective date, except that any such distribution effected pursuant to a contract for the purchase or redemption of shares entered into by the corporation prior to the effective date may be made if permissible under Chapter 5 or under the prior law in effect at the time the contract was entered into.</p>","text":"Chapter 5 of the new law applies to any distribution to its shareholders made after the effective date by a corporation existing on the effective date, except that any such distribution effected pursuant to a contract for the purchase or redemption of shares entered into by the corporation prior to the effective date may be made if permissible under Chapter 5 or under the prior law in effect at the time the contract was entered into.","otherVersions":[],"url":"https://blackletter.si/corporations-code/transition-provisions-2308","source":"California Legislative Information bulk export (pubinfo)"}