{"code":"CORP","codeName":"Corporations Code","section":"505","citation":"Corp. Code, § 505","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 5. Dividends and Reacquisitions of Shares [500. - 511.]","url":"https://blackletter.si/corporations-code/title-1/division-1/chapter-5"}],"history":"Added by Stats. 1975, Ch. 682.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/corporations-code/dividends-and-reacquisitions-of-shares-505","source":"California Legislative Information bulk export (pubinfo)"}