{"data":{"id":"us-ca/corp-12454.5","jurisdiction":"us-ca","citation":"CORP § 12454.5","heading":"","body":"(a) A worker cooperative may create an indivisible reserves account that shall not be distributed to members.\n(b) Funds in the indivisible reserves account shall only derive from non-patronage-sourced income, in a manner provided in the articles or bylaws, or by the board, and shall be used as capital for the cooperative.","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":"ea90fa6de15298165870f53f3f71993180a4e5e2a2a8a901df649e358f342702","source_id":"us-ca","stale":false,"prev":"us-ca/corp-12454","next":"us-ca/corp-12455"},"notice":"GroundRules: Original legal text. Not legal advice."}