California Financial Code 32300 – The Legislature hereby authorizes the creation of a nonprofit …
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The Legislature hereby authorizes the creation of a nonprofit corporation pursuant to the provisions of the Nonprofit Corporation Law (Part 1 (commencing with Section 9000), Division 2, Title 1 of the Corporations Code) on January 1, 1981.
(Added by Stats. 1980, Ch. 819, Sec. 1.)
Terms Used In California Financial Code 32300
- 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.