Home/California/Statutes/Code CORP: Corporations Code - CORP/Div.: 2./Title 1.: DIVISION 2. NONPROFIT CORPORATION LAW/Part 3.: PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS/Ch. 2.: CHAPTER 2. Directors and Management/Art. 4.: ARTICLE 4. Examination by Attorney General/§ 7240.
California Statutes

§ 7240. — 7240. (Amended by Stats. 1979, Ch. 724.)

California § 7240.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.2.
Title 1.DIVISION 2. NONPROFIT CORPORATION LAW
Part 3.PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS
Ch. 2.CHAPTER 2. Directors and Management
Art. 4.ARTICLE 4. Examination by Attorney General

This text of California § 7240. (7240. (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 § 7240. (2026).

Text

A corporation holding assets in charitable trust is subject at all times to examination by the Attorney General, on behalf of the state, to ascertain to what extent, if at all, it has failed or is failing to comply with trusts it has assumed. In case of any such failure the Attorney General, in the name of the state, may institute against any person or persons the proceedings necessary to correct the failure.

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Legislative History

Amended by Stats. 1979, Ch. 724.
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California § 7240., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/7240..