California Corporations Code

§ 5049

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

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.