Public Resources Code - PRC
DIVISION 4. FORESTS, FORESTRY AND RANGE AND FORAGE LANDS [4001 - 4958]
( Division 4 repealed and added by Stats. 1965, Ch. 1144. ) PART 2. PROTECTION OF FOREST, RANGE AND FORAGE LANDS [4101 - 4789.7]
( Part 2 added by Stats. 1965, Ch. 1144. ) CHAPTER 10. Protection of Forest and Lands [4671 - 4771]
( Chapter 10 added by Stats. 1965, Ch. 1144. ) ARTICLE 7. Protection and Development Corporations [4731 - 4738]
( Article 7 added by Stats. 1965, Ch. 1144. ) 4733.
No shareholder of any corporation formed pursuant to this article shall receive or accept from the corporation in repayment of his investment in its shares any sum in excess of the par value of the shares together with current dividends of not to exceed 7 percent per annum of the par value and any cumulative dividends to which the shareholder may be entitled.
(Added by Stats. 1965, Ch. 1144.)