California Corporations Code

§ 12235

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CORP § 12235Div. 3 · Title 1 · Part 2 · Ch. 1 · Art. 2

“Distribution” means the distribution of any gains, profits or dividends to any member as such, but does not include patronage distributions.

Legislative history

Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.