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Code · California · Corporations Code

§ 10403

43 words·~1 min read·/ca/corporations-code/10403

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Every such corporation may take by gift, purchase, devise, or bequest, any property, real or personal, and hold it or dispose thereof at its pleasure; but no such corporation shall hold real property the annual income of which exceeds fifty thousand dollars ($50,000).
★   the supreme law of the land   ★
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