§ 12452 Membership Purchase And Redemption

Corporations Code·California

AI SummaryVerified

This law says a company can buy back memberships if they follow certain rules.

Key Takeaways

•Companies can buy back memberships.
•They have to follow other rules to do this.
•There might be extra rules they need to check.

Example

A gym wants to buy back memberships from people who don't use the gym anymore.

The gym can do this, but they have to follow the rules in other parts of the law.

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

Official Source

View on CA.gov

§ 12452 Membership Purchase And Redemption

A corporation may, subject to meeting the requirements of Section 12453 and any additional restrictions authorized by Section 12454, purchase or redeem memberships. (Amended by Stats. 1985, Ch. 378, Sec. 7.)

Last verified: January 10, 2026

Key Terms

corporation purchase or redeem memberships Section 12453 Section 12454

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 12452.

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Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References