California Health and Safety Code 101860.5 – For the purposes of this chapter, the primary public benefit purpose …
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For the purposes of this chapter, the primary public benefit purpose of the corporation is as stated in its articles of incorporation or bylaws of the corporation.
(Added by Stats. 1997, Ch. 927, Sec. 2. Effective January 1, 1998.)
Terms Used In California Health and Safety Code 101860.5
- 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.