After the debts and obligations of the corporation are paid or adequately provided for, any assets remaining shall be transferred to the religious organization governed by the corporation sole, or to trustees in its behalf, or disposed of as may be decreed by the superior court of the county in which the dissolved corporation had its principal office upon petition therefor by the Attorney General or any person connected with the organization.
Cal. Corp. Code § 10015
CORPORATIONS SOLE
Known as the Nonprofit Corporation Law
The act spans §§ 5000–10841 (129 sections).
Applied in 2 court decisions — leading case 69 Cal. App. 4th 354 - Berry v. Society of Saint Pius X (1999)
Most recently applied in 69 Cal. App. 4th 354 - Berry v. Society of Saint Pius X (January 1999)
Enacted by Stats. 1947, Ch. 1038.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.