{"code":"CORP","codeName":"Corporations Code","section":"511","citation":"Corp. Code, § 511","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. 1978, Ch. 370.","effective":null,"html":"<p>Notwithstanding the provisions of this chapter, a negotiable instrument issued by a corporation for the purchase or redemption of shares shall be enforceable by a holder in due course (Section <a href=\"/com/3302\">3302</a> of the Commercial Code) without notice that it was issued for that purpose or by a person who acquired the instrument through such a holder.</p>","text":"Notwithstanding the provisions of this chapter, a negotiable instrument issued by a corporation for the purchase or redemption of shares shall be enforceable by a holder in due course (Section 3302 of the Commercial Code) without notice that it was issued for that purpose or by a person who acquired the instrument through such a holder.","otherVersions":[],"url":"https://blackletter.si/corporations-code/dividends-and-reacquisitions-of-shares-511","source":"California Legislative Information bulk export (pubinfo)"}