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HomeCorporations CodeCh. 1Art. 2§ 12244 Patronage Distribution Definition

§ 12244 Patronage Distribution Definition

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 12244 Patronage Distribution Definition

This law explains what 'patronage distribution' means. It's money or benefits given to members of a group based on how much they use the group's services.

Key Takeaways

  • •Patronage distribution is like a reward for using a group's services.
  • •The more you use the services, the bigger your reward might be.
  • •This usually happens in places like co-ops where members are also owners.

Example

Imagine you shop a lot at a local food co-op.

At the end of the year, the co-op might give you some money back based on how much you spent there. That money back is called a 'patronage distribution'.

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

Official Source
View on CA.gov

§ 12244 Patronage Distribution Definition

“Patronage distribution” means any transfer made to a patron of the corporation the amount of which is computed with reference to the patron’s patronage of the corporation. (Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)

Last verified: January 10, 2026

Key Terms

patronage distributionpatroncorporation

Related Statutes

  • § 12210 Corporate Lawsuit Procedures
  • § 12211 Corporate Property Attachment Rules
  • § 12213 Correction Of Corporate Filings
  • § 12240 Corporate Membership Certificates
  • § 12245 Definition Of Person

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 12244.
View Official Source