Corporations Code section 7240

A corporation holding assets in charitable trust is subject at all times to examination by the Attorney General, on behalf of the state, to ascertain to what extent, if at all, it has failed or is failing to comply with trusts it has assumed. In case of any such failure the Attorney General, in the name of the state, may institute against any person or persons the proceedings necessary to correct the failure.

Source: Section 7240, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=7240. (updated Jan. 1, 1979; accessed Dec. 29, 2025).

7240

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§ 7240's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_7240

Original Source: Section 7240, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=7240. (last accessed May 12, 2025).