Statute · California Corporations Code
Cal. Corp. Code § 12451 — Limitations
Cal. Corp. Code § 12451
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Distributions (Section 12235) in any fiscal year shall not exceed 15 percent, multiplied by contributions (whether by membership fees, capital credits, or otherwise) to capital.
Citator
Cal. Corp. Code § 12451 — Limitations is in force in the current edition of the Code, and nothing recorded condemns it.
Distributions (Section 12235) in any fiscal year shall not exceed 15 percent, multiplied by contributions (whether by membership fees, capital credits, or otherwise) to capital.