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    I Deliver Some Round Observations About California's Rounding Rule

    Yesterday's post concerned various actions that a California corporation may pursue in lieu of issuing fractional shares.  I left for today the subject of rounding.  Section 407 of the Corporations Code expressly permits rounding to...

    Mergers & Acquisitions, rounding, Secretary of State, Bill Holden, fractional shares, Harold Marsh Jr, Section 407