Dividends, Redemptions, and Share Purchases (CA) | Practical Law
A Practice Note discussing the actions necessary for a California corporation to complete a dividend, redemption, or share purchase (also known as a share buyback, share repurchase, or share reacquisition). It explains the applicable laws, the resources the corporation may use, the standard of review that California courts apply when reviewing a dividend, redemption, or share purchase transaction, the potential personal liability to directors, and how directors can protect against that liability.