BlackletterCalifornia law

Corporations Code § 10403

PART 9. SOCIETIES FOR PREVENTION OF CRUELTY TO ANIMALS

Current as of September 28, 2026Corp. Code, § 10403Official source ↗

Enacted by Stats. 1947, Ch. 1038.

Every such corporation may take by gift, purchase, devise, or bequest, any property, real or personal, and hold it or dispose thereof at its pleasure; but no such corporation shall hold real property the annual income of which exceeds fifty thousand dollars ($50,000).