California Corporations Code

§ 5140

CORP § 5140 Effective Jan 1, 2022Div. 2 · Title 1 · Part 2 · Ch. 1 · Art. 4

Statute text

Subject to any limitations contained in the articles or bylaws and to compliance with other provisions of this division and any other applicable laws, a corporation, in carrying out its activities, shall have all of the powers of a natural person, including, without limitation, the power to:

(a)Adopt, use, and at will alter a corporate seal, but failure to affix a seal does not affect the validity of any instrument.

(b)Adopt, amend, and repeal bylaws.

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Legislative history

Amended by Stats. 2021, Ch. 523, Sec. 5. (AB 663) Effective January 1, 2022.