SECTIONS 5250 - California Statutes

CORPORATIONS CODE

SECTION 5250

5250. A corporation is subject at all times to examination by the
Attorney General, on behalf of the state, to ascertain the condition
of its affairs and to what extent, if at all, it fails to comply with
trusts which it has assumed or has departed from the purposes for
which it is formed. In case of any such failure or departure the
Attorney General may institute, in the name of the state, the
proceeding necessary to correct the noncompliance or departure.