TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS 7110-8910›CHAPTER 4. Distributions 7410-7420›ARTICLE 1. Limitations 7410-7414

§ 7411

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

(a) Except as provided in subdivision (b), no corporation shall make any distribution except upon dissolution.

(b) A corporation may, subject to meeting the requirements of Sections 7412 and 7413 and any additional restrictions authorized by Section 7414, purchase or redeem memberships.

(Amended by Stats. 1979, Ch. 724.)

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California Corporations Code

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