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California Corporations Code

§ 5250

CORP § 5250Div. 2 · Title 1 · Part 2 · Ch. 2 · Art. 5

Statute text

View on leginfo.ca.gov
A corporation is subject at all times to examination by the Attorney General, on behalf of the state, to ascertain the condition of its affairs and to what extent, if at all, it fails to comply with trusts which it has assumed or has departed from the purposes for which it is formed. In case of any such failure or departure the Attorney General may institute, in the name of the state, the proceeding necessary to correct the noncompliance or departure.

Legislative history

Added by Stats. 1978, Ch. 567.

Source: California Corporations Code § 5250 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.