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California · Through 2026-09-13

CORP § 12451

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Where this section sits in the code
  1. Corporations Code - CORP
  2. TITLE 1. CORPORATIONS [100. - 14707.]
  3. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]
  4. PART 2. COOPERATIVE CORPORATIONS [12200. - 12704.]
  5. CHAPTER 4. Distributions [12450. - 12455.]
  6. ARTICLE 1. Limitations [12450. - 12454.5.]

Distributions (Section 12235) in any fiscal year shall not exceed 15 percent, multiplied by contributions (whether by membership fees, capital credits, or otherwise) to capital.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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