Home/California/Statutes/Code CORP: Corporations Code - CORP/Div.: 2./Title 1.: DIVISION 2. NONPROFIT CORPORATION LAW/Part 2.: PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS/Ch. 2.: CHAPTER 2. Directors and Management/Art. 4.: ARTICLE 4. Investments/§ 5241.
California Statutes

§ 5241. — 5241. (Amended by Stats. 1979, Ch. 724.)

California § 5241.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.2.
Title 1.DIVISION 2. NONPROFIT CORPORATION LAW
Part 2.PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS
Ch. 2.CHAPTER 2. Directors and Management
Art. 4.ARTICLE 4. Investments

This text of California § 5241. (5241. (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 § 5241. (2026).

Text

Nothing in Section 5240 shall abrogate or restrict the power of the appropriate court in proper cases to direct or permit a corporation to deviate from the terms of a trust or agreement regarding the making or retention of investments. Notice of such action or proceeding shall be given to the Attorney General who may intervene.

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Legislative History

Amended by Stats. 1979, Ch. 724.
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California § 5241., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/5241..