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Cal. Corporations Code § 12451

Cal. Corporations Code § 12451

California · California Corporations Code · Status: effective

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Cal. Corporations Code § 12451, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792374
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Distributions (Section 12235) in any fiscal year shall not exceed 15 percent, multiplied by contributions (whether by membership fees, capital credits, or otherwise) to capital.