{"code":"CORP","codeName":"Corporations Code","section":"5241","citation":"Corp. Code, § 5241","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 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS [5110. - 6910.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-2"},{"name":"CHAPTER 2. Directors and Management [5210. - 5260.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-2/chapter-2"},{"name":"ARTICLE 4. Investments [5240. - 5241.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-2/chapter-2/article-4"}],"history":"Amended by Stats. 1979, Ch. 724.","effective":null,"html":"<p>Nothing in Section <a href=\"/corp/5240\">5240</a> shall abrogate or restrict the power of the appropriate court in proper cases to direct or permit a corporation to deviate from the terms of a trust or agreement regarding the making or retention of investments. Notice of such action or proceeding shall be given to the Attorney General who may intervene.</p>","text":"Nothing in Section 5240 shall abrogate or restrict the power of the appropriate court in proper cases to direct or permit a corporation to deviate from the terms of a trust or agreement regarding the making or retention of investments. Notice of such action or proceeding shall be given to the Attorney General who may intervene.","otherVersions":[],"url":"https://blackletter.si/corporations-code/investments-5241","source":"California Legislative Information bulk export (pubinfo)"}