California § 203.5 - If the articles include the designation and number of shares of one or more serie
Full text of California Public Contract Code - PCC § 203.5 — If the articles include the designation and number of shares of one or more serie, with citation guidance and answers to common questions.
§ 203.5. If the articles include the designation and number of shares of one or more serie
(a) If the articles include the designation and number of shares of one or more series within a class, the stated number of shares for all series within the class shall not exceed, and may be less than, the stated number of shares for the class. (b) If so authorized in the articles and if the articles state the number of shares of the class, the articles may be amended by approval of the board alone to increase or decrease (but not below the number of shares of the series then outstanding) the number of shares of a series. (c) If the articles authorize a class of shares which is stated to be issuable in series, the articles shall include either the designation and number of shares for at least one series within that class or an authorization of common shares.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 203.5
What does Public Contract Code - PCC § 203.5 cover?
Section 203.5 ("If the articles include the designation and number of shares of one or more serie") 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 § 203.5?
A common citation format is "Public Contract Code - PCC § 203.5" (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 § 203.5 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.