{"code":"CORP","codeName":"Corporations Code","section":"12452","citation":"Corp. Code, § 12452","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. 1985, Ch. 378, Sec. 7.","effective":null,"html":"<p>A corporation may, subject to meeting the requirements of Section <a href=\"/corp/12453\">12453</a> and any additional restrictions authorized by Section <a href=\"/corp/12454\">12454</a>, purchase or redeem memberships.</p>","text":"A corporation may, subject to meeting the requirements of Section 12453 and any additional restrictions authorized by Section 12454, purchase or redeem memberships.","otherVersions":[],"url":"https://blackletter.si/corporations-code/limitations-12452","source":"California Legislative Information bulk export (pubinfo)"}