California Corporations Code

§ 12242.5

CORP § 12242.5 Effective Jan 1, 2025Div. 3 · Title 1 · Part 2 · Ch. 1 · Art. 2

Statute text

“Other business entity” means a domestic or foreign limited liability company, limited partnership, general partnership, business trust, real estate investment trust, unincorporated association, or a domestic reciprocal insurer organized after 1974 to provide medical malpractice insurance as set forth in Article 16 (commencing with Section 1550) of Chapter 3 of Part 2 of Division 1 of the Insurance Code. As used herein, “general partnership” means a “partnership” as defined in Section 16101; “business trust” means a business organization formed as a trust; “real estate investment trust” means a “real estate investment trust” as defined in subsection (a) of Section 856 of the Internal Revenue Code of 1986, as amended; and “unincorporated association” has the meaning set forth in Section 18035.

Legislative history

Amended by Stats. 2024, Ch. 361, Sec. 8. (AB 1862) Effective January 1, 2025.