California § 1306 - To the extent that the provisions of Chapter 5 prevent the payment to any holders
Full text of California Public Contract Code - PCC § 1306 — To the extent that the provisions of Chapter 5 prevent the payment to any holders, with citation guidance and answers to common questions.
§ 1306. To the extent that the provisions of Chapter 5 prevent the payment to any holders
To the extent that the provisions of Chapter 5 prevent the payment to any holders of dissenting shares of their fair market value, they shall become creditors of the corporation for the amount thereof together with interest at the legal rate on judgments until the date of payment, but subordinate to all other creditors in any liquidation proceeding, such debt to be payable when permissible under the provisions of Chapter 5.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1306
What does Public Contract Code - PCC § 1306 cover?
Section 1306 ("To the extent that the provisions of Chapter 5 prevent the payment to any holders") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1306?
A common citation format is "Public Contract Code - PCC § 1306" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.