California Statutes
§ 5410. — 5410. (Amended by Stats. 1992, Ch. 250, Sec. 2.)
California § 5410.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.2.
Title 1.DIVISION 2. NONPROFIT CORPORATION LAW
Part 2.PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS
Ch. 4.CHAPTER 4. Distributions
Art. 1.ARTICLE 1. Limitations
This text of California § 5410. (5410. (Amended by Stats. 1992, Ch. 250, Sec. 2.)) 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 § 5410. (2026).
Text
No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.
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Legislative History
Amended by Stats. 1992, Ch. 250, Sec. 2. Effective January 1, 1993.
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California § 5410., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/5410..