I've devoted several posts to how California's General Corporation Law deals with fractional shares. Nevada's approach to fractional shares is somewhat different. For example, Nevada permits rounding up to a full share in all cases. NRS...
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
Keith Paul Bishop
