Nonprofit Mutual Benefit Corp. Law › CHAPTER 17. General Provisions Relating to Dissolution [8710 - 8724]
California Corporations Code § 8715. Assets Held Upon Condition Requiring Return
(Added by Stats. 1978, Ch. 567.)
Text current as of August 17, 2026, per California Legislative Information.
Text current as of August 17, 2026, per California Legislative Information.
After complying with the provisions of Section 8713, assets held by a corporation upon a valid condition requiring return, transfer, or conveyance, which condition has occurred or will occur, shall be returned, transferred, or conveyed in accordance with the condition.
Related sections: § 8713
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.