Dividends, Redemptions, and Share Purchases (CA) | Practical Law
https://content.next.westlaw.com/practical-law/document/Ie3fb3c97976d11e598dc8b09b4f043e0/Dividends-Redemptions-and-Share-Purchases-CA?viewType=FullText&transitionType=Default&contextData=(sc.Default)
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.