Corporations Code § 5049
‹ § 5048§ 5050 ›Open in browserleginfo ↗5049.
“Distribution” means the distribution of any gains, profits or dividends to any member as such. As used in this section, “member” means any person who is a member as defined in Section 5056 and any person who is referred to as a member as authorized by subdivision (a) of Sections 5332, 7333 and 9332.
(Amended by Stats. 1979, Ch. 724.)