{"data":{"id":"us-ca/fin-31951","jurisdiction":"us-ca","citation":"FIN § 31951","heading":"","body":"Except as otherwise provided in Sections 31004 and 31952, the provisions of the General Corporation Law (Division 1 (commencing with Section 100), Title 1 of the Corporations Code) shall, on and after the effective date of this division, apply to each old corporation; provided, however, that, for purposes of the provisions of Chapter 23 (commencing with Section 2300) of the General Corporation Law, with respect to each old corporation:\n(a) The term “effective date” shall mean the effective date of this division.\n(b) The term “prior law” shall mean the old law.\n(c) Each old corporation shall be deemed to be a corporation referred to in Section 162 of the Corporations Code.","path":["Financial Code - FIN","DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]","CHAPTER 14. Transition Provisions [31950. - 31952.]"],"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":"a45c55b964e3b02ca1840b9f3a2c7aaed0683956d24ec0741d9e55656451c995","source_id":"us-ca","stale":false,"prev":"us-ca/fin-31950","next":"us-ca/fin-31952"},"notice":"GroundRules: Original legal text. Not legal advice."}