Home/California/Statutes/Code CORP: Corporations Code - CORP/Div.: 3./Title 1.: DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES/Part 2.: PART 2. COOPERATIVE CORPORATIONS/Ch. 3.: CHAPTER 3. Members/Art. 5.: ARTICLE 5. Rights and Obligations of Members and Creditors/§ 12445.
California Statutes

§ 12445. — 12445. (Added by Stats. 1982, Ch. 1625, Sec. 3.)

California § 12445.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.3.
Title 1.DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES
Part 2.PART 2. COOPERATIVE CORPORATIONS
Ch. 3.CHAPTER 3. Members
Art. 5.ARTICLE 5. Rights and Obligations of Members and Creditors

This text of California § 12445. (12445. (Added by Stats. 1982, Ch. 1625, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Corporations Code - CORP Code § 12445. (2026).

Text

The articles or bylaws shall prescribe:

(a)The manner of determining each member’s share of the capital of the corporation contributed by the members and, if repayable, the time and manner for its repayment; and
(b)The manner of determining the value, if any, of the member’s interest in the corporation apart from contributed capital and the time and manner of the corporation’s purchase, if required, of such interest from a terminated member.

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Legislative History

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