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Earlier editions: 2020-112018-112026-09

TITLE 1. CORPORATIONS 100-14707›DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES 12000-14707›PART 2. COOPERATIVE CORPORATIONS 12200-12704›CHAPTER 4. Distributions 12450-12455›ARTICLE 1. Limitations 12450-12454.5

§ 12452

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

A corporation may, subject to meeting the requirements of Section 12453 and any additional restrictions authorized by Section 12454, purchase or redeem memberships.

(Amended by Stats. 1985, Ch. 378, Sec. 7.)

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California Corporations Code

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