{"code":"CORP","codeName":"Corporations Code","section":"12454","citation":"Corp. Code, § 12454","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":"Added by Stats. 1982, Ch. 1625, Sec. 3.   Operative January 1, 1984.","effective":null,"html":"<p>Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a membership, upon distributions, or upon patronage distributions, by provision in a corporation’s articles or bylaws or agreement entered into by the corporation.</p>","text":"Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a membership, upon distributions, or upon patronage distributions, by provision in a corporation’s articles or bylaws or agreement entered into by the corporation.","otherVersions":[],"url":"https://blackletter.si/corporations-code/limitations-12454","source":"California Legislative Information bulk export (pubinfo)"}