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Cal. Corporations Code § 12235

Cal. Corporations Code § 12235

California · California Corporations Code · Status: effective

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Cal. Corporations Code § 12235, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792270
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“Distribution” means the distribution of any gains, profits or dividends to any member as such, but does not include patronage distributions.