California · Corporations Code

CORP §12679: Any person violating Section 12311, and any corporation carrying on business outside the purpose for which it was formed, is guilty of a misdemeanor punishable by a fine of five hundred dollars ($500)

Misdemeanor

What this law says, in plain English

A person or corporation violating Section 12311 or operating outside its authorized purpose commits a misdemeanor, punishable by up to $500 fine, up to one year imprisonment, or both.

Read the full statutory text
Any person violating Section 12311, and any corporation carrying on business outside the purpose for which it was formed, is guilty of a misdemeanor punishable by a fine of five hundred dollars ($500), or by imprisonment for not more than one year, or by both such fine and imprisonment.

Verify at the official source: California legislative text

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