§ 7111. — 7111. (Amended by Stats. 1981, Ch. 587, Sec. 25.)

California § 7111.

• Jurisdiction: California
• Code CORP: Corporations Code - CORP
• Div.: 2.
• Title 1.: DIVISION 2. NONPROFIT CORPORATION LAW
• Part 3.: PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS
• Ch. 1.: CHAPTER 1. Organization and Bylaws
• Art. 1.: ARTICLE 1. Title and Purposes

Text

Subject to any other provision of law of this state applying to the particular class of corporation or line of activity, a corporation may be formed under this part for any lawful purpose; provided that a corporation all of the assets of which are irrevocably dedicated to charitable, religious, or public purposes and which as a matter of law or according to its articles or bylaws must, upon dissolution, distribute its assets to a person or persons carrying on a charitable, religious, or public purpose or purposes may not be formed under this part.

Legislative History

Amended by Stats. 1981, Ch. 587, Sec. 25.