Corp. Code, § 5012 · Part 1. GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5
Corp. Code, § 5012
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
All references in this part, Part 2 (commencing with Section 5110), Part 3 (commencing with Section 7110), or Part 4 (commencing with Section 9110) to financial statements of a corporation mean statements prepared in conformity with generally accepted accounting principles or some other basis of accounting which reasonably sets forth the assets and liabilities and the income and expenses of the corporation and discloses the accounting basis used in their preparation.
Notes and commentary — not statutory text
History
Amended by Stats. 1983, Ch. 101, Sec. 11.
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§ionNum=5012.
- Text hash
- sha256 cc27f073346ad74b130192a898d2c87f6b2c9147931102eee7b8cb3d134089c8
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Corporations Code
- Corp. Code, tit. 1, div. 2, pt. 2NONPROFIT PUBLIC BENEFIT CORPORATIONSPrinted as Part 2 (commencing with Section 5110)
- Corp. Code, tit. 1, div. 2, pt. 3NONPROFIT MUTUAL BENEFIT CORPORATIONSPrinted as Part 3 (commencing with Section 7110)
- Corp. Code, tit. 1, div. 2, pt. 4NONPROFIT RELIGIOUS CORPORATIONSPrinted as Part 4 (commencing with Section 9110)
Cited by 1 provision
Provisions in this library whose text cites Corp. Code, § 5012. Each shows the citation as that text prints it.
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.