California Corporations Code

§ 7130

CORP § 7130 Effective Jan 1, 2020Div. 2 · Title 1 · Part 3 · Ch. 1 · Art. 3

Statute text

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

(a)The name of the corporation.

(b)(1) Except as provided in paragraph (2) or (3), the following statement: “This corporation is a nonprofit mutual benefit corporation organized under the Nonprofit Mutual Benefit Corporation Law. The purpose of this corporation is to engage in any lawful act or activity, other than credit union business, for which a corporation may be organized under such law.”

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Legislative history

Amended by Stats. 2019, Ch. 442, Sec. 3. (AB 857) Effective January 1, 2020.