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California · Through 2026-09-13

CORP § 5410

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Where this section sits in the code
  1. Corporations Code - CORP
  2. TITLE 1. CORPORATIONS [100. - 14707.]
  3. DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]
  4. PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS [5110. - 6910.]
  5. CHAPTER 4. Distributions [5410. - 5420.]
  6. ARTICLE 1. Limitations [5410. - 5410.]

No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.

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

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