Cal. Corporations Code § 1307 : Corporations — California Corporations Code — General Corporation Law — Dissenters' Rights — Cash dividends Date: 14 Sep 2016 TEXT PDF Current through the 2016 Legislative Session Cash dividends declared and paid by the corporation upon the dissenting shares after the date of approval of the reorganization by the outstanding shares (Section 152) and prior to payment for the shares by the corporation shall be credited against the total amount to be paid by the corporation therefor. Ca. Corp. Code § 1307