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Code · California · Corporations Code

§ 5049

54 words·~1 min read·/ca/corporations-code/5049

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“Distribution” means the distribution of any gains, profits or dividends to any member as such. As used in this section, “member” means any person who is a member as defined in Section 5056 and any person who is referred to as a member as authorized by subdivision
(a)of Sections 5332, 7333 and 9332.
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