GroundRules
CORP § 8717
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]
- PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS [7110. - 8910.]
- CHAPTER 17. General Provisions Relating to Dissolution [8710. - 8724.]
After complying with the provisions of Section 8713 and except as otherwise provided in Sections 8715 and 8716, assets held by a corporation shall be disposed of on dissolution as follows:
(a) If the articles or bylaws provide the manner of disposition, the assets shall be disposed of in that manner.
(b) If the articles or bylaws do not provide the manner of disposition, the assets shall be distributed among the members in accordance with their respective rights therein.
Collected 2026-09-14T05:56:33Z. Source file · JSON