{"data":{"id":"us-ca/corp-1159","jurisdiction":"us-ca","citation":"CORP § 1159","heading":"","body":"The shareholders of a converting corporation shall have all of the rights under Chapter 13 (commencing with Section 1300) of the shareholders of a corporation involved in a reorganization requiring the approval of its outstanding shares (Section 152), and the converting corporation shall have all of the obligations under Chapter 13 (commencing with Section 1300) of a corporation involved in the reorganization. Solely for purposes of applying the provisions of Chapter 13 (and not for purposes of Chapter 12), a conversion pursuant to Section 1151 or 1157 shall be deemed to constitute a reorganization.","path":["Corporations Code - CORP","TITLE 1. CORPORATIONS [100. - 14707.]","DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","CHAPTER 11.5. Conversions [1150. - 1159.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"cdc5918663f3f88ddd601352fbb39e979e756e52aaefb6f5cde63fafb5dba0d2","source_id":"us-ca","stale":false,"prev":"us-ca/corp-1158","next":"us-ca/corp-1200"},"notice":"GroundRules: Original legal text. Not legal advice."}