Section 7411.

Cal. Corporations Code - CORP § 7411.
in effect
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(a) Except as provided in subdivision (b), no corporation shall make any distribution except upon dissolution. (b) A corporation may, subject to meeting the requirements of Sections 7412 and 7413 and any additional restrictions authorized by Section 7414, purchase or redeem memberships.

References

referencesCal. Corporations Code - CORP § 7412.
referencesCal. Corporations Code - CORP § 7413.
referencesCal. Corporations Code - CORP § 7414.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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