Corporations Code section 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.

Source: Section 5410, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=5410. (updated Jan. 1, 1993; accessed Jul. 21, 2025).

5410

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Jul. 21, 2025

§ 5410's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_5410

Original Source: Section 5410, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=5410. (last accessed May 12, 2025).