§ 18410 Corporate Charter Forfeiture Proceedings

Business and Professions Code·California

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Key Takeaways

•If a company breaks the rules in this law, the government can take away its rights to do business.
•The Attorney General or a local prosecutor can start a court case to shut down the company.
•The company could lose its special permissions (like licenses) and even be forced to close.

Example

A big toy company keeps selling dangerous toys that hurt kids, even after being warned.

The government can go to court to take away the company’s permission to sell toys and even shut it down completely.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 18410 Corporate Charter Forfeiture Proceedings

Upon a violation of this chapter by any corporation or association the Attorney General or the district attorney of the proper county shall institute proceedings in any court of competent jurisdiction for the forfeiture of charter rights, franchises or privileges and powers exercised by such corporation or association, and for the dissolution of the corporation or association. (Added by Stats. 1941, Ch. 44.)

Last verified: January 22, 2026

Key Terms

violation corporation association Attorney General district attorney forfeiture dissolution

References

Official text at leginfo.legislature.ca.gov
California Legislature. Business and Professions Code. Section 18410.

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Key Takeaways

Example

Key Terms

Related Statutes

References