Corp. Code, § 12235 · Article 2. General Provisions and Definitions

Corp. Code, § 12235

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

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

Notes and commentary — not statutory text

History

Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP&sectionNum=12235.
Text hash: sha256 99d68cfdc8bae9b16da3292155c9a5c1216b3352d83ea21b104cbf271eaf7503
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Corp. Code, § 12235. Each shows the citation as that text prints it.

Corporations Code

Corp. Code, § 12451Printed as Section 12235

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.