California Government Code 12582.1 – “Charitable corporation” means any nonprofit corporation organized …
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“Charitable corporation” means any nonprofit corporation organized under the laws of this State for charitable or eleemosynary purposes and any similar foreign corporation doing business or holding property in this State for such purposes.
(Added by Stats. 1959, Ch. 1258.)
Terms Used In California Government Code 12582.1
- 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 Government Code 18