2007 California Corporations Code Article 1. Distributions

CA Codes (corp:9610)

CORPORATIONS CODE
SECTION 9610



9610.  (a) The provisions of Chapter 4 (commencing with Section
5410) of Part 2 apply to religious corporations except for
subdivision (b) of Section 5420.
   (b) Suit may be brought in the name of the corporation by a
creditor, a director, or the authorized number of members.  In any
such action in addition to the remedy provided in subdivision (a) of
Section 5420, the court may award punitive damages for the benefit of
the corporation against any director, officer, member or other
person who with intent to defraud the corporation caused, received or
aided and abetted in the making of any distribution.

Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.