California § 12445 - The articles or bylaws shall prescribe: (a) The manner of determining each member

Full text of California Public Contract Code - PCC § 12445 — The articles or bylaws shall prescribe: (a) The manner of determining each member, with citation guidance and answers to common questions.

§ 12445. The articles or bylaws shall prescribe: (a) The manner of determining each member

The articles or bylaws shall prescribe: (a) The manner of determining each member’s share of the capital of the corporation contributed by the members and, if repayable, the time and manner for its repayment; and (b) The manner of determining the value, if any, of the member’s interest in the corporation apart from contributed capital and the time and manner of the corporation’s purchase, if required, of such interest from a terminated member.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 12445

What does Public Contract Code - PCC § 12445 cover?

Section 12445 ("The articles or bylaws shall prescribe: (a) The manner of determining each member") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite California § 12445?

A common citation format is "Public Contract Code - PCC § 12445" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of California law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.

How does California § 12445 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in California.