BlackletterCalifornia law

Corporations Code § 12657

CHAPTER 17. General Provisions Relating to Dissolution

Current as of September 28, 2026Corp. Code, § 12657Official source ↗

Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.

Distribution may be made either in money or in property or securities and either in installments from time to time or as a whole, if this can be done fairly and ratably and in conformity with the provisions of the articles and bylaws and shall be made as soon as reasonably consistent with the beneficial liquidation of the corporation assets.