{"code":"CORP","codeName":"Corporations Code","section":"15","citation":"Corp. Code, § 15","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"GENERAL PROVISIONS","url":"https://blackletter.si/corporations-code/general-provisions"}],"history":"Enacted by Stats. 1947, Ch. 1038.","effective":null,"html":"<p>“Shall” is mandatory and “may” is permissive.</p>","text":"“Shall” is mandatory and “may” is permissive.","otherVersions":[],"url":"https://blackletter.si/corporations-code/general-provisions-15","source":"California Legislative Information bulk export (pubinfo)"}