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California Corporations Code

§ 5917

CORP § 5917 Effective Jan 1, 2018Div. 2 · Title 1 · Part 2 · Ch. 9 · Art. 2

Statute text

View on leginfo.ca.gov
The Attorney General shall have discretion to consent to, give conditional consent to, or not consent to any agreement or transaction described in subdivision (a) of Section 5914. In making the determination, the Attorney General shall consider any factors that the Attorney General deems relevant, including, but not limited to, whether any of the following apply:
(a)The terms and conditions of the agreement or transaction are fair and reasonable to the nonprofit corporation.
(b)The agreement or transaction will result in inurement to any private person or entity.
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Legislative history

Amended by Stats. 2017, Ch. 782, Sec. 4. (AB 651) Effective January 1, 2018.

Source: California Corporations Code § 5917 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.