California Corporations Code

§ 5410

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

CORP § 5410 Effective Jan 1, 1993Div. 2 · Title 1 · Part 2 · Ch. 4 · Art. 1

Statute text

View on leginfo.ca.gov

No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.

Legislative history

Amended by Stats. 1992, Ch. 250, Sec. 2. Effective January 1, 1993.