There is a newer version of the California Code
2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
CHAPTER 5. Dividends and Reacquisitions of Shares
Section 511
CA Corp Code § 511 (through 2012 Leg Sess) What's This?
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.
(Added by Stats. 1978, Ch. 370.)
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