TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 9. SOCIETIES FOR PREVENTION OF CRUELTY TO ANIMALS 10400-10406

§ 10403

California Corporations Code · 2018-11 edition · updated 2026-10-04 · California

Every such corporation may take by gift, purchase, devise, or bequest, any property, real or personal, and hold it or dispose thereof at its pleasure; but no such corporation shall hold real property the annual income of which exceeds fifty thousand dollars ($50,000).

(Enacted by Stats. 1947, Ch. 1038.)

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California Corporations Code

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