Section 1868 Of Article 1. International And Foreign Banking And Financing Corporations From California Financial Code >> Division 1.1. >> Chapter 21. >> Article 1.

. No corporation shall be the holder of any shares of its own capital stock unless such stock shall have been taken to prevent loss upon a debt previously contracted in good faith, and stock so acquired shall, within six months from the time of its acquisition, be sold or disposed of at public or private sale.