Statute · California Corporations Code
Cal. Corp. Code § 7411 — Limitations
Cal. Corp. Code § 7411
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Except as provided in subdivision (b), no corporation shall make any distribution except upon dissolution.
Citator
Cal. Corp. Code § 7411 — Limitations is in force in the current edition of the Code, and nothing recorded condemns it.
(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.