TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS 5110-6910›CHAPTER 4. Distributions 5410-5420›ARTICLE 1. Limitations 5410-5410

§ 5410

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

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.

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

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California Corporations Code

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