§ 12679
49 words·~1 min read·
/ca/corporations-code/12679A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any person violating Section 12311, and any corporation carrying on business outside the purpose for which it was formed, is guilty of a misdemeanor punishable by a fine of five hundred dollars ($500), or by imprisonment for not more than one year, or by both such fine and imprisonment.