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    Breaking Up Is Not Hard To Do - Fractions, Scrip And Scrippage

    The California General Corporation Law explicitly authorizes a corporation to issue fractional shares.  Cal. Corp. Code § 407.  A corporation, however, is not required to do so.  Id.  In lieu of issuing fractions, a corporation may in connection...

    Mergers & Acquisitions, Corporate Governance, fair value, fractional shares, fractions, scrip, Section 407