{"code":"CORP","codeName":"Corporations Code","section":"12451","citation":"Corp. Code, § 12451","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]","url":"https://blackletter.si/corporations-code/title-1/division-3"},{"name":"PART 2. COOPERATIVE CORPORATIONS [12200. - 12704.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2"},{"name":"CHAPTER 4. Distributions [12450. - 12455.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2/chapter-4"},{"name":"ARTICLE 1. Limitations [12450. - 12454.5.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2/chapter-4/article-1"}],"history":"Amended by Stats. 1983, Ch. 792, Sec. 23.","effective":null,"html":"<p>Distributions (Section <a href=\"/corp/12235\">12235</a>) in any fiscal year shall not exceed 15 percent, multiplied by contributions (whether by membership fees, capital credits, or otherwise) to capital.</p>","text":"Distributions (Section 12235) in any fiscal year shall not exceed 15 percent, multiplied by contributions (whether by membership fees, capital credits, or otherwise) to capital.","otherVersions":[],"url":"https://blackletter.si/corporations-code/limitations-12451","source":"California Legislative Information bulk export (pubinfo)"}