CORPORATIONS CODE
SECTION 7240
7240. A corporation holding assets in charitable trust is subject
at all times to examination by the Attorney General, on behalf of the
state, to ascertain to what extent, if at all, it has failed or is
failing to comply with trusts it has assumed. In case of any such
failure the Attorney General, in the name of the state, may institute
against any person or persons the proceedings necessary to correct
the failure.
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