CHAPTER 4. Distributions [7410. - 7420.]

Chapter 4 added by Stats. 1978, Ch. 567.

§§ 7410–7420 · 6 sections

1. ARTICLE 1. Limitations §§ 7410–7414 · 5 sections

   • § 7410 This chapter does not apply to any proceeding for winding up and dissolution of corporations under Chapters 15 (commencing with Section 8510), 16 (commencing…
   • § 7411 (a) Except as provided in subdivision (b), no corporation shall make any distribution except upon dissolution. (b) A corporation may, subject to meeting the…
   • § 7412 Neither a corporation nor any of its subsidiaries shall make a distribution if the corporation or the subsidiary making the distribution is, or as a result…
   • § 7413 Neither a corporation nor any of its subsidiaries shall purchase or redeem a membership of the parent or subsidiary if the articles of the corporation contain…
   • § 7414 Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a membership by provision in a corporation’s articles or bylaws or…
2. ARTICLE 2. Liability of Members § 7420 · 1 section

   • § 7420 (a) Any person who with knowledge of facts indicating the impropriety thereof receives any distribution, including a payment in redemption of a membership,…