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2025 California Code
Corporations Code - CORP
TITLE 1 - CORPORATIONS
DIVISION 1 - GENERAL CORPORATION LAW
CHAPTER 5 - Dividends and Reacquisitions of Shares
Section 511.
Universal Citation:
CA Corp Code § 511 (2025)
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511. 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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