California Corporations Code

§ 206

CORP § 206Div. 1 · Title 1 · Ch. 2

Statute text

Subject to any limitation contained in the articles and to compliance with any other applicable laws, any corporation other than a corporation subject to the Banking Law or a professional corporation may engage in any business activity; and a corporation subject to the Banking Law or a professional corporation may engage in any business activity not prohibited by the respective statutes and regulations to which it is subject.

Legislative history

Amended by Stats. 1978, Ch. 370.