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California Corporations Code

§ 12451

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.

Source: California Corporations Code § 12451 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.