California Corporations Code 5241 – Nothing in Section 5240 shall abrogate or restrict the power of the …
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Nothing in Section 5240 shall abrogate or restrict the power of the appropriate court in proper cases to direct or permit a corporation to deviate from the terms of a trust or agreement regarding the making or retention of investments. Notice of such action or proceeding shall be given to the Attorney General who may intervene.
(Amended by Stats. 1979, Ch. 724.)
Terms Used In California Corporations Code 5241
- 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.