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California · Through 2026-09-13

CORP § 3305

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Where this section sits in the code
  1. Corporations Code - CORP
  2. TITLE 1. CORPORATIONS [100. - 14707.]
  3. DIVISION 1.5. SOCIAL PURPOSE CORPORATIONS ACT [2500. - 3503.]
  4. CHAPTER 9. Conversions [3300. - 3307.]

The shareholders with dissenting rights, as defined in subdivision (b) of Section 1300, of a converting social purpose corporation shall have all of the rights under Chapter 13 (commencing with Section 1300) of Division 1 of the shareholders of a corporation involved in a reorganization requiring the approval of its outstanding shares, and the converting social purpose corporation shall have all of the obligations under Chapter 13 (commencing with Section 1300) of Division 1 of a corporation involved in the reorganization. Solely for purposes of applying the provisions of Chapter 13 (commencing with Section 1300) of Division 1, and not for purposes of this chapter, a conversion pursuant to Section 3301 or 3307 shall be deemed to constitute a reorganization.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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