Ca_Law

statute | California

Corporations Code - CORP - CORP § 7411

  • UIDca_leginfo_codes:corp-7411
  • CitationCorporations Code - CORP - CORP § 7411
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(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 membe

Text

(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.

Retrieval chunks

  • #1 | Corporations Code - CORP - CORP § 7411

    (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.