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California Corporations Code

§ 5049

CORP § 5049Div. 2 · Title 1 · Part 1

Statute text

View on leginfo.ca.gov
“Distribution” means the distribution of any gains, profits or dividends to any member as such. As used in this section, “member” means any person who is a member as defined in Section 5056 and any person who is referred to as a member as authorized by subdivision (a) of Sections 5332, 7333 and 9332.

Legislative history

Amended by Stats. 1979, Ch. 724.

Source: California Corporations Code § 5049 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.