California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50 - Business and Industrial Development Corporations
Article 1 - General Provisions
Subarticle 1 - Citation and Construction
Section 50.4 - References to Corporations

Except as otherwise expressly provided in this Subchapter, the references in this Subchapter to corporations or to aspects of corporations apply to all corporations, whether for profit or nonprofit. For the sake of convenience, references in this Subchapter to corporations and to aspects of corporations are set forth in terms appropriate to profit corporations. However, whenever any reference in this Subchapter to a corporation or to an aspect of a corporation is applicable to a nonprofit corporation, if the term of such reference is not appropriate to a nonprofit corporation, the term of the reference shall be construed to be the closest equivalent term of reference appropriate to a nonprofit corporation. For example, a reference in this Subchapter to the shareholders of a corporation shall, in the case of a corporation which is a nonprofit corporation, be construed to be a reference to the members of such nonprofit corporation.