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HomeCorporations CodeCh. 12§ 12576 Corporate Compliance Enforcement

§ 12576 Corporate Compliance Enforcement

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 12576 Corporate Compliance Enforcement

This law lets the Attorney General step in if a company isn't following certain rules. They can warn the company and even take them to court if needed.

Key Takeaways

  • •The Attorney General can get involved if a company isn't following the rules.
  • •They first send a warning to the company.
  • •If the company doesn't fix the problem, the Attorney General can take them to court.
  • •The Attorney General can ask for different solutions, like stopping the company from doing something or even shutting it down.

Example

A member of a company thinks the company is breaking rules about how it should run.

They can complain to the Attorney General, who can then warn the company. If the company doesn't fix the problem, the Attorney General can take them to court.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 12576 Corporate Compliance Enforcement

The Attorney General, upon complaint of a member, director, or officer, that a corporation is failing to comply with the provisions of this chapter, Chapter 5 (commencing with Section 12460), Chapter 6 (commencing with Section 12480) or Chapter 13 (commencing with Section 12580) may, in the name of the people of the State of California, send to the principal office of such corporation, (or, if there is no such office, to the office or residence of the chief executive officer, general manager, or secretary, of the corporation, as set forth in the most recent statement filed pursuant to Section 12570) notice of the complaint. If the answer is not satisfactory, or if there is no answer within 30 days, the Attorney General may institute, maintain, or intervene in such suits, actions, or proceedings of any type in any court or tribunal of competent jurisdiction or before any administrative agency for such relief by way of injunction, the dissolution of entities, the appointment of receivers, or any other temporary, preliminary, provisional, or final remedies as may be appropriate to protect the rights of members or to undo the consequences of failure to comply with such requirements. In any such action, suit or proceeding there may be joined as parties all persons and entities responsible for or affected by such activity. (Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)

Last verified: January 10, 2026

Key Terms

Attorney Generalcorporationnon-complianceinjunctiondissolution of entitiesappointment of receivers30 days

Related Statutes

  • § 6216 Corporation Compliance Enforcement
  • § 8216 Corporation Compliance Enforcement
  • § 1508 Corporate Compliance Enforcement Actions
  • § 1201 Shareholder Approval For Reorganization
  • § 12570 Corporate Annual Filing Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 12576.
View Official Source