California Corporations Code

§ 5130

CORP § 5130 Effective Jan 1, 2020Div. 2 · Title 1 · Part 2 · Ch. 1 · Art. 3

Statute text

The articles of incorporation of a corporation formed under this part shall set forth:

(a)The name of the corporation.

(b)(1) Except as provided in paragraph (2), the following statement: “This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for (public or charitable [insert one or both]) purposes.” [If the purposes include “public” purposes, the articles shall, and in all other cases the articles may, include a further description of the corporation’s purposes.]

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Legislative history

Amended by Stats. 2019, Ch. 442, Sec. 2. (AB 857) Effective January 1, 2020.