California Corporations Code

§ 12502

CORP § 12502 Effective Jan 1, 2014Div. 3 · Title 1 · Part 2 · Ch. 8

Statute text

(a)Except as provided in this section or Section 12503, amendments may be adopted if approved by the board and approved by the members before or after the approval by the board.

(b)Notwithstanding subdivision (a), the following amendments may be adopted by approval of the board alone:

(1)An amendment extending the corporate existence or making the corporate existence perpetual, if the corporation was organized prior to August 14, 1929.

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Legislative history

Amended by Stats. 2013, Ch. 538, Sec. 9. (AB 1255) Effective January 1, 2014.