California Corporations Code

§ 12451

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CORP § 12451Div. 3 · Title 1 · Part 2 · Ch. 4 · Art. 1

Statute text

View on leginfo.ca.gov

Distributions (Section 12235) in any fiscal year shall not exceed 15 percent, multiplied by contributions (whether by membership fees, capital credits, or otherwise) to capital.

Legislative history

Amended by Stats. 1983, Ch. 792, Sec. 23.