Home/California/Statutes/Code CORP: Corporations Code - CORP/Div.: 2./Title 1.: DIVISION 2. NONPROFIT CORPORATION LAW/Part 1.: PART 1. GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5/§ 5049.
California Statutes

§ 5049. — 5049. (Amended by Stats. 1979, Ch. 724.)

California § 5049.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.2.
Title 1.DIVISION 2. NONPROFIT CORPORATION LAW
Part 1.PART 1. GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5

This text of California § 5049. (5049. (Amended by Stats. 1979, Ch. 724.)) 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 § 5049. (2026).

Text

“Distribution” means the distribution of any gains, profits or dividends to any member as such. As used in this section, “member” means any person who is a member as defined in Section 5056 and any person who is referred to as a member as authorized by subdivision (a) of Sections 5332, 7333 and 9332.

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Legislative History

Amended by Stats. 1979, Ch. 724.
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California § 5049., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/5049..