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/§ 12454.
California Statutes

§ 12454. — 12454. (Added by Stats. 1982, Ch. 1625, Sec. 3.)

California § 12454.
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 § 12454. (12454. (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 § 12454. (2026).

Text

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.

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Legislative History

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

Nearby Sections

2
§ 12454.
12454. (Added by Stats. 1982, Ch. 1625, Sec. 3.)
§ 12454.5.
12454.5. (Added by Stats. 2015, Ch. 192, Sec. 18.)
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California § 12454., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/12454..