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California Corporations Code

§ 1900

CORP § 1900Div. 1 · Title 1 · Ch. 19

Statute text

View on leginfo.ca.gov
(a)Any corporation may elect voluntarily to wind up and dissolve by the vote of shareholders holding shares representing 50 percent or more of the voting power.
(b)Any corporation which comes within one of the following descriptions may elect by approval by the board to wind up and dissolve:
(1)A corporation as to which an order for relief has been entered under Chapter 7 of the federal bankruptcy law.
…

Legislative history

Amended by Stats. 1980, Ch. 501.

Source: California Corporations Code § 1900 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.