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California Corporations Code

§ 5410

CORP § 5410 Effective Jan 1, 1993Div. 2 · Title 1 · Part 2 · Ch. 4 · Art. 1

Statute text

View on leginfo.ca.gov
No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.

Legislative history

Amended by Stats. 1992, Ch. 250, Sec. 2. Effective January 1, 1993.

Source: California Corporations Code § 5410 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.