Ca_Law

statute | California

Corporations Code - CORP - CORP § 12451

  • UIDca_leginfo_codes:corp-12451
  • CitationCorporations Code - CORP - CORP § 12451
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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.

Text

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.

Retrieval chunks

  • #1 | Corporations Code - CORP - CORP § 12451

    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.