California Corporations Code

§ 2603

CORP § 2603 Effective Jan 1, 2019Div. 1.5 · Title 1 · Ch. 2

The articles of incorporation may set forth:

(a)Any or all of the following provisions, which shall not be effective unless expressly provided in the articles:

(1)Granting, with or without limitations, the power to levy assessments upon the shares or any class of shares.

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Legislative history

Repealed and added by Stats. 2018, Ch. 889, Sec. 4. (SB 838) Effective January 1, 2019. Section operative January 1, 2022, by its own provisions.