California Corporations Code

§ 5820

CORP § 5820Div. 2 · Title 1 · Part 2 · Ch. 8

Statute text

(a)Amendment of the articles of a corporation, pursuant to this chapter, does not, of itself, abrogate any requirement or limitation imposed upon the corporation, or any property held by it, by virtue of the trust under which such property is held by the corporation.

(b)The Attorney General may, at the corporation’s request, and pursuant to such regulations as the Attorney General may issue, give rulings as to whether the Attorney General will or may oppose a proposed action, or article amendment, as inconsistent with or proscribed by the requirements of a charitable trust.

Legislative history

Added by Stats. 1978, Ch. 567.