Cal. Corp. Code § 12454

Current through the 2023 Legislative Session.

Section 12454 - Additional restrictions

Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a membership, upon distributions, or upon patronage distributions, by provision in a corporation's articles or bylaws or agreement entered into by the corporation.

Ca. Corp. Code § 12454

Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.