Statute · California Corporations Code
Cal. Corp. Code § 12454 — Limitations
Cal. Corp. Code § 12454
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a membership, upon distributions, or upon patronage distributions, by provision in a corporation’s articles or bylaws or agreement entered into by the corporation.
Citator
Cal. Corp. Code § 12454 — Limitations is in force in the current edition of the Code, and nothing recorded condemns it.
Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a membership, upon distributions, or upon patronage distributions, by provision in a corporation’s articles or bylaws or agreement entered into by the corporation.