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. 4.: CHAPTER 4. Distributions/Art. 1.: ARTICLE 1. Limitations/§ 7411.
California Statutes

§ 7411. — 7411. (Amended by Stats. 1979, Ch. 724.)

California § 7411.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.2.
Title 1.DIVISION 2. NONPROFIT CORPORATION LAW
Part 3.PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS
Ch. 4.CHAPTER 4. Distributions
Art. 1.ARTICLE 1. Limitations

This text of California § 7411. (7411. (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 § 7411. (2026).

Text

(a)Except as provided in subdivision (b), no corporation shall make any distribution except upon dissolution.
(b)A corporation may, subject to meeting the requirements of Sections 7412 and 7413 and any additional restrictions authorized by Section 7414, purchase or redeem memberships.

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Legislative History

Amended by Stats. 1979, Ch. 724.
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California § 7411., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/7411..