California Law (Last Updated: March 4, 2014) |
Corporations Code - CORP |
Title 1. CORPORATIONS |
Division 2. NONPROFIT CORPORATION LAW |
Part 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS |
Chapter 9. Sales of Assets |
Section 7913.
Latest version.
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A corporation holding assets in charitable trust must give written notice to the Attorney General 20 days before it sells, leases, conveys, exchanges, transfers or otherwise disposes of any or all of the assets held in trust unless the Attorney General has given the corporation a written waiver of this section as to the proposed transaction.
(Added by Stats. 1978, Ch. 567.)