Nonprofit Mutual Benefit Corp. Law › CHAPTER 2. Directors and Management [7210 - 7240] › ARTICLE 4. Examination by Attorney General [7240- 7240.]
California Corporations Code § 7240. Examination by Attorney General
(Amended by Stats. 1979, Ch. 724.)
Text current as of August 17, 2026, per California Legislative Information.
Text current as of August 17, 2026, per California Legislative Information.
A corporation holding assets in charitable trust is subject at all times to examination by the Attorney General, on behalf of the state, to ascertain to what extent, if at all, it has failed or is failing to comply with trusts it has assumed. In case of any such failure the Attorney General, in the name of the state, may institute against any person or persons the proceedings necessary to correct the failure.
The text of the Nonprofit Mutual Benefit Corporation Law is provided for reference and convenience only, from the California Legislative Information website (leginfo.legislature.ca.gov). It is not legal advice, and the official version of California statutes is published by the state. Statutes may have been amended after the “current as of” date shown above. Consult counsel regarding the application of any statute to your association.