Corporations Code section 12235

“Distribution” means the distribution of any gains, profits or dividends to any member as such, but does not include patronage distributions.

Source: Section 12235, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12235. (accessed May 12, 2025).

Last Updated

May 12, 2025

§ 12235’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_12235

Original Source: Section 12235, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12235. (last accessed May 12, 2025).