{"code":"CORP","codeName":"Corporations Code","section":"5049","citation":"Corp. Code, § 5049","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]","url":"https://blackletter.si/corporations-code/title-1/division-2"},{"name":"PART 1. GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5 [5002. - 5080.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-1"}],"history":"Amended by Stats. 1979, Ch. 724.","effective":null,"html":"<p>“Distribution” means the distribution of any gains, profits or dividends to any member as such. As used in this section, “member” means any person who is a member as defined in Section <a href=\"/corp/5056\">5056</a> and any person who is referred to as a member as authorized by subdivision (a) of Sections <a href=\"/corp/5332\">5332</a>, <a href=\"/corp/7333\">7333</a> and <a href=\"/corp/9332\">9332</a>.</p>","text":"“Distribution” means the distribution of any gains, profits or dividends to any member as such. As used in this section, “member” means any person who is a member as defined in Section 5056 and any person who is referred to as a member as authorized by subdivision (a) of Sections 5332, 7333 and 9332.","otherVersions":[],"url":"https://blackletter.si/corporations-code/general-provisions-and-definitions-governing-parts-1-through-5049","source":"California Legislative Information bulk export (pubinfo)"}