There is a newer version of the California Code
2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
ARTICLE 1. Limitations
Section 12452
CA Corp Code § 12452 (through 2012 Leg Sess) What's This?
A corporation may, subject to meeting the requirements of Section 12453 and any additional restrictions authorized by Section 12454, purchase or redeem memberships.
(Amended by Stats. 1985, Ch. 378, Sec. 7.)
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