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. 4.: CHAPTER 4. Distributions/Art. 1.: ARTICLE 1. Limitations/§ 12451.
California Statutes

§ 12451. — 12451. (Amended by Stats. 1983, Ch. 792, Sec. 23.)

California § 12451.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.3.
Title 1.DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES
Part 2.PART 2. COOPERATIVE CORPORATIONS
Ch. 4.CHAPTER 4. Distributions
Art. 1.ARTICLE 1. Limitations

This text of California § 12451. (12451. (Amended by Stats. 1983, Ch. 792, Sec. 23.)) 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 § 12451. (2026).

Text

Distributions (Section 12235) in any fiscal year shall not exceed 15 percent, multiplied by contributions (whether by membership fees, capital credits, or otherwise) to capital.

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Legislative History

Amended by Stats. 1983, Ch. 792, Sec. 23.
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California § 12451., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/12451..