Powers of the corporation
- Statute:
- California §7140 · Chapter CORP (Nonprofit Mutual Benefit Corporation Law)
- Topic:
- Governance & Powers · Corporate powers
- Applies to:
- Nonprofit associations
A mutual benefit corporation may sue and be sued, enter contracts, borrow, own and convey property, and exercise the other corporate powers this section lists — unless the articles withhold a power. Davis-Stirling §4805 points here.
📄 Read the official text at leginfo.legislature.ca.gov →
How SoShiny helps with Powers of the corporation
SoShiny stores your bylaws and governing documents in a searchable library with role-based access, so the board sees one thing and members see another. Every edit is timestamped in the audit log — the documentation Florida regulators and a court expect when a board action is later questioned.
See the feature → Start freeFrequently asked
- What does California §7140 require?
- A mutual benefit corporation may sue and be sued, enter contracts, borrow, own and convey property, and exercise the other corporate powers this section lists — unless the articles withhold a power. Davis-Stirling §4805 points here.
- Who does California §7140 apply to?
- California §7140 applies to Nonprofit associations in California.
- What happens if our nonprofit corporation doesn't comply with §7140?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for California community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of California §7140?
- The official text is published by the California Legislature at leginfo.legislature.ca.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Powers of the corporation?
- SoShiny stores your bylaws and governing documents in a searchable library with role-based access, so the board sees one thing and members see another. Every edit is timestamped in the audit log — the documentation Florida regulators and a court expect when a board action is later questioned. Learn more →
Not legal advice. This page is a plain-English summary of California §7140 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a California-licensed attorney. For the official statutory text, see the link above.
Stay current on California association law.
Get the free quick-reference guide plus a heads-up when the statutes that govern your community change.
Don’t run your nonprofit corporation on spreadsheets.
Start your community free →