California § 23701k - Religious or apostolic corporations, if such corporations have a common treasury
Full text of California Public Contract Code - PCC § 23701k — Religious or apostolic corporations, if such corporations have a common treasury, with citation guidance and answers to common questions.
§ 23701k. Religious or apostolic corporations, if such corporations have a common treasury
Religious or apostolic corporations, if such corporations have a common treasury or community treasury even if such corporations engaged in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro rata shares, whether distributed or not, of the net income of the corporation for such year. Any amount so included in the gross income of a member shall be treated as a dividend received.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 23701k
What does Public Contract Code - PCC § 23701k cover?
Section 23701k ("Religious or apostolic corporations, if such corporations have a common treasury") 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 § 23701k?
A common citation format is "Public Contract Code - PCC § 23701k" (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 § 23701k 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.