{"code":"CORP","codeName":"Corporations Code","section":"5410","citation":"Corp. Code, § 5410","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 4. Distributions [5410. - 5420.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-2/chapter-4"},{"name":"ARTICLE 1. Limitations [5410. - 5410.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-2/chapter-4/article-1"}],"history":"Amended by Stats. 1992, Ch. 250, Sec. 2.   Effective January 1, 1993.","effective":"1993-01-01","html":"<p>No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.</p>","text":"No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.","otherVersions":[],"url":"https://blackletter.si/corporations-code/limitations-5410","source":"California Legislative Information bulk export (pubinfo)"}