California Statutes
§ 5130. — 5130. (Amended by Stats. 2019, Ch. 442, Sec. 2.)
California·Code CORP Corporations Code - CORP·Div. 2.·Title 1. DIVISION 2. NONPROFIT CORPORATION LAW·Part 2. PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS·Ch. 1. CHAPTER 1. Organization and Bylaws·Art. 3. ARTICLE 3. Articles of Incorporation
The articles of incorporation of a corporation formed under this part shall set forth:
(a)The name of the corporation.
(b)
(1)Except as provided in paragraph (2), the following statement:
“This corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for (public or charitable [insert one or both]) purposes.”
[If the purposes include “public” purposes, the articles shall, and
in all other cases the articles may, include a further description of the corporation’s purposes.]
(2)If the corporation is a public bank, as defined in Section 57600 of the Government Code, the articles shall set forth a statement of purpose that is prescribed in subdivision (b) of Section
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California § 5130. (5130. (Amended by Stats. 2019, Ch. 442, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
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Legislative History
Amended by Stats. 2019, Ch. 442, Sec. 2. (AB 857) Effective January 1, 2020.