Cal. Corporations Code § 7111
Cal. Corporations Code § 7111
California · California Corporations Code · Status: effective
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- Citation
- Cal. Corporations Code § 7111, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/791806
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Full text
Subject to any other provision of law of this state applying to the particular class of corporation or line of activity, a corporation may be formed under this part for any lawful purpose; provided that a corporation all of the assets of which are irrevocably dedicated to charitable, religious, or public purposes and which as a matter of law or according to its articles or bylaws must, upon dissolution, distribute its assets to a person or persons carrying on a charitable, religious, or public purpose or purposes may not be formed under this part.