Corporations Code section 206

Subject to any limitation contained in the articles and to compliance with any other applicable laws, any corporation other than a corporation subject to the Banking Law or a professional corporation may engage in any business activity; and a corporation subject to the Banking Law or a professional corporation may engage in any business activity not prohibited by the respective statutes and regulations to which it is subject.

Source: Section 206, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=206.­ (updated Jan. 1, 1978; accessed Jul. 14, 2025).

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Verified:
Jul. 14, 2025

§ 206's source at ca​.gov