“Domestic corporation” means a corporation formed under the laws of this state.

(Added by Stats. 1975, Ch. 682.)

Terms Used In California Corporations Code 167

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: means the State of California, unless applied to the different parts of the United States. See California Education Code 77