Cal. Code Regs. tit. 10, § 260.141 – Waiver of Assets and Dividends. | Midpage
§ 260.141
Cal. Code Regs. tit. 10, § 260.141
Waiver of Assets and Dividends.
State of California
(a) To receive cash or property dividends; and
(b) To participate in any distribution of assets, in the event of liquidation.
Until such conditions are removed by order of the Commissioner, normally all promotional shares should be subject to the conditions that the holders thereof waive all rights: