California Corporations Code

§ 1158

CORP § 1158 Effective Jan 1, 2003Div. 1 · Title 1 · Ch. 11.5

Statute text

(a)An entity that converts into another entity pursuant to this chapter is for all purposes other than for the purposes of Part 10 (commencing with Section 17001) of, Part 10.20 (commencing with Section 18401) of, and Part 11 (commencing with Section 23001) of, Division 2 of the Revenue and Taxation Code, the same entity that existed before the conversion.

(b)Upon a conversion taking effect, all of the following apply:

(1)All the rights and property, whether real, personal, or mixed, of the converting entity or converting corporation are vested in the converted entity or converted corporation.

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Legislative history

Added by Stats. 2002, Ch. 480, Sec. 6. Effective January 1, 2003.