There is a newer version of the California Code
2007 California Corporations Code Article 1. Limitations
CA Codes (corp:5410)
CORPORATIONS CODESECTION 5410
5410. 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.
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