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TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS 5110-6910›CHAPTER 17. General Provisions Relating to Dissolution 6710-6721

§ 6717

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

Subject to the provisions of any trust under which assets to be distributed are held, distribution may be made either in money or in property or securities and either in installments from time to time or as a whole, if this can be done fairly and ratably and in conformity with the provisions of the articles and bylaws and shall be made as soon as reasonably consistent with the beneficial liquidation of the corporation’s assets.

(Added by Stats. 1978, Ch. 567.)

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California Corporations Code

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