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)
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.
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