Dividends, Redemptions, and Share Purchases (CA) | Practical Law

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.

Dividends, Redemptions, and Share Purchases (CA)

Practical Law Practice Note w-001-0079 (Approx. 18 pages)

Dividends, Redemptions, and Share Purchases (CA)

by Practical Law Corporate & Securities
MaintainedCalifornia
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.