Subdivision (a) of Section 510 of the new law applies only to shares acquired after the effective date.
Cal. Corp. Code § 2309
Transition Provisions
Known as the General Corporation Law
The act spans §§ 100–2319 (398 sections).
Added by Stats. 1975, Ch. 682.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.