There is a newer version of the California Code
2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
ARTICLE 1. Limitations
Section 5410
CA Corp Code § 5410 (through 2012 Leg Sess) What's This?
No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.
(Amended by Stats. 1992, Ch. 250, Sec. 2. Effective January 1, 1993.)
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