California Corporations Code

§ 12630

CORP § 12630 Effective Jan 1, 2010Div. 3 · Title 1 · Part 2 · Ch. 16

Statute text

(a)Any corporation may elect voluntarily to wind up and dissolve (1) by approval of a majority of all members (Section 12223) or (2) by approval of the board and approval of the members (Section 12224).

(b)Any corporation which comes within one of the following descriptions may elect by approval of the board to wind up and dissolve:

(1)A corporation which has been the subject of an order for relief in bankruptcy.

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Legislative history

Amended by Stats. 2009, Ch. 631, Sec. 49. (AB 1233) Effective January 1, 2010.