GroundRules
CORP § 12671
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]
- PART 2. COOPERATIVE CORPORATIONS [12200. - 12704.]
- CHAPTER 18. Crimes and Penalties [12670. - 12679.]
Any promoter, director, or officer of a corporation who knowingly and willfully issues or consents to the issuance of memberships or membership certificates with intent to defraud present or future members or creditors is guilty of a misdemeanor punishable by a fine of not more than one thousand dollars ($1,000) or by imprisonment in county jail for not more than one year or by both such fine and imprisonment.
Collected 2026-09-14T05:56:33Z. Source file · JSON