{"code":"CORP","codeName":"Corporations Code","section":"7411","citation":"Corp. Code, § 7411","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 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS [7110. - 8910.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-3"},{"name":"CHAPTER 4. Distributions [7410. - 7420.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-3/chapter-4"},{"name":"ARTICLE 1. Limitations [7410. - 7414.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-3/chapter-4/article-1"}],"history":"Amended by Stats. 1979, Ch. 724.","effective":null,"html":"<p>(a) Except as provided in subdivision (b), no corporation shall make any distribution except upon dissolution.</p><p>(b) A corporation may, subject to meeting the requirements of Sections <a href=\"/corp/7412\">7412</a> and <a href=\"/corp/7413\">7413</a> and any additional restrictions authorized by Section <a href=\"/corp/7414\">7414</a>, purchase or redeem memberships.</p>","text":"(a) Except as provided in subdivision (b), no corporation shall make any distribution except upon dissolution. (b) A corporation may, subject to meeting the requirements of Sections 7412 and 7413 and any additional restrictions authorized by Section 7414, purchase or redeem memberships.","otherVersions":[],"url":"https://blackletter.si/corporations-code/limitations-7411","source":"California Legislative Information bulk export (pubinfo)"}