{"data":{"id":"us-ca/corp-12454","jurisdiction":"us-ca","citation":"CORP § 12454","heading":"","body":"Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a membership, upon distributions, or upon patronage distributions, by provision in a corporation’s articles or bylaws or agreement entered into by the corporation.","path":["Corporations Code - CORP","TITLE 1. CORPORATIONS [100. - 14707.]","DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]","PART 2. COOPERATIVE CORPORATIONS [12200. - 12704.]","CHAPTER 4. Distributions [12450. - 12455.]","ARTICLE 1. Limitations [12450. - 12454.5.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"1bce518c1df630d4c03460a673338244f797c9ab19326b42356d101c55229009","source_id":"us-ca","stale":false,"prev":"us-ca/corp-12453","next":"us-ca/corp-12454.5"},"notice":"GroundRules: Original legal text. Not legal advice."}