Restrictions on disposition of corporate earnings

Checkout our iOS App for a better way to browser and research.

    (a)    (1)    This subsection does not apply to reasonable compensation paid for services rendered to or for the Corporation.

        (2)    Net earnings of the Corporation may not inure to the benefit of any individual.

    (b)    An individual may not share in the distribution of corporate assets on dissolution of the Corporation.


Download our app to see the most-to-date content.