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California Corporations Code

§ 12454

CORP § 12454Div. 3 · Title 1 · Part 2 · Ch. 4 · Art. 1

Statute text

View on leginfo.ca.gov
Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a membership, upon distributions, or upon patronage distributions, by provision in a corporation’s articles or bylaws or agreement entered into by the corporation.

Legislative history

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

Source: California Corporations Code § 12454 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.