TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 1. GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5 5002-5080
§ 5059
California Corporations Code · 2020-11 edition · updated 2026-10-04 · California
“Nonprofit mutual benefit corporation” or “mutual benefit corporation” means a corporation which is organized under Part 3 (commencing with Section 7110), or subject to Part 3 under the provisions of subdivision (a) of Section 5003.
(Amended by Stats. 1979, Ch. 724.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code