§ 206
68 words·~1 min read·
/ca/corporations-code/206A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to any limitation contained in the articles and to compliance with any other applicable laws, any corporation other than a corporation subject to the Banking Law or a professional corporation may engage in any business activity; and a corporation subject to the Banking Law or a professional corporation may engage in any business activity not prohibited by the respective statutes and regulations to which it is subject.