Statute · California Corporations Code

Cal. Corp. Code § 5410 — Limitations

Cal. Corp. Code § 5410

Type
Statute
Source
California Corporations Code
Jurisdiction
California
Date
1993-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.

Citator

Cal. Corp. Code § 5410 — Limitations is in force in the current edition of the Code, and nothing recorded condemns it.

No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.