Section 5410.

Latest version.

No corporation shall make any distribution. This section shall not apply to the purchase of a membership in a limited-equity housing cooperative, as defined in Section 33007.5 of the Health and Safety Code, which is organized as a public benefit corporation.

(Amended by Stats. 1992, Ch. 250, Sec. 2. Effective January 1, 1993.)

                    
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