Cal. Corp. Code § 5410

Current through the 2023 Legislative Session.
Section 5410 - Distribution prohibited

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.

Ca. Corp. Code § 5410

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