California § 8718. 8718. (Added by Stats. 1978, Ch. 567.)

California Statutes

§ 8718. — 8718. (Added by Stats. 1978, Ch. 567.)

California § 8718.

JurisdictionCalifornia

Code CORPCorporations Code - CORP

Div.2.

Title 1.DIVISION 2. NONPROFIT CORPORATION LAW

Part 3.PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS

Ch. 17.CHAPTER 17. General Provisions Relating to Dissolution

This text of California § 8718. (8718. (Added by Stats. 1978, Ch. 567.)) 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 § 8718. (2026).

Text

Subject to the provisions of any trust under which assets to be distributed are held, distribution may be made either in money or in property or securities and either in installments from time to time or as a whole, if this can be done fairly and ratably and in conformity with the provisions of the articles and bylaws and shall be made as soon as reasonably consistent with the beneficial liquidation of the corporation assets.

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Subject to the provisions of any trust under which assets to be distributed are held, distribution may be made either in money or in property or securities and either in installments from time to time or as a whole, if this can be done fairly and ratably and in conformity with the provisions of the articles and bylaws and shall be made as soon as reasonably consistent with the beneficial liquidation of the corporation assets.

Legislative History

Added by Stats. 1978, Ch. 567.

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California § 8718., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/8718..