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California Corporations Code

§ 7130

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

Legislative history

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

Source: California Corporations Code § 7130 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.