Ca_Law

statute | California

Corporations Code - CORP - CORP § 12445

  • UIDca_leginfo_codes:corp-12445
  • CitationCorporations Code - CORP - CORP § 12445
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

The articles or bylaws shall prescribe: (a) The manner of determining each member’s share of the capital of the corporation contributed by the members and, if repayable, the time and manner for its repayment; and (b) The manner of determining the value, if any, of the member’s in

Text

The articles or bylaws shall prescribe:
(a)
The manner of determining each member’s share of the capital of the corporation contributed by the members and, if repayable, the time and manner for its repayment; and
(b)
The manner of determining the value, if any, of the member’s interest in the corporation apart from contributed capital and the time and manner of the corporation’s purchase, if required, of such interest from a terminated member.

Retrieval chunks

  • #1 | Corporations Code - CORP - CORP § 12445

    The articles or bylaws shall prescribe: (a) The manner of determining each member’s share of the capital of the corporation contributed by the members and, if repayable, the time and manner for its repayment; and (b) The manner of determining the value, if any, of the member’s interest in the corporation apart fro…