{"data":{"id":"us-ca/corp-7413","jurisdiction":"us-ca","citation":"CORP § 7413","heading":"","body":"Neither a corporation nor any of its subsidiaries shall purchase or redeem a membership of the parent or subsidiary if the articles of the corporation contain a provision authorized by subparagraph (B) of paragraph (4) of subdivision (a) of Section 7132 and such corporation or the subsidiary making the purchase or redemption is, or as a result thereof would be, likely to be unable to meet the obligations resulting from such article provision.","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":"15a776c5e1468dca30138c66141229b7cfeebf2a82c3f127adeabdb7c93baa1c","source_id":"us-ca","stale":false,"prev":"us-ca/corp-7412","next":"us-ca/corp-7414"},"notice":"GroundRules: Original legal text. Not legal advice."}