{"data":{"id":"us-ca/corp-7412","jurisdiction":"us-ca","citation":"CORP § 7412","heading":"","body":"Neither a corporation nor any of its subsidiaries shall make a distribution if the corporation or the subsidiary making the distribution is, or as a result thereof would be, likely to be unable to meet its liabilities (except those whose payment is otherwise adequately provided for) as they mature.","path":["Corporations Code - CORP","TITLE 1. CORPORATIONS [100. - 14707.]","DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]","PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS [7110. - 8910.]","CHAPTER 4. Distributions [7410. - 7420.]","ARTICLE 1. Limitations [7410. - 7414.]"],"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":"818717ba0754e9c214830c9f2b3dda1420fdd4b5f018342d4317fa29833cf44d","source_id":"us-ca","stale":false,"prev":"us-ca/corp-7411","next":"us-ca/corp-7413"},"notice":"GroundRules: Original legal text. Not legal advice."}