California Corporations Code 9260 – Notwithstanding any other law, every corporation, during any period …
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Notwithstanding any other law, every corporation, during any period or periods that corporation is deemed to be a “private foundation” as defined in Section 509 of the Internal Revenue Code of 1986, shall be subject to the requirements of Section 5260.
(Amended by Stats. 2017, Ch. 516, Sec. 2. (SB 363) Effective January 1, 2018.)
Terms Used In California Corporations Code 9260
- 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.