California Corporations Code

§ 3202

CORP § 3202 Effective Jan 1, 2015Div. 1.5 · Title 1 · Ch. 8

Statute text

If a disappearing social purpose corporation in a merger is a social purpose corporation governed by this division and the surviving corporation is a nonprofit public benefit corporation, a nonprofit mutual benefit corporation, or a nonprofit religious corporation, the merger shall be approved by all of the outstanding shares of all classes of the disappearing social purpose corporation, regardless of limitations or restrictions on their voting rights, notwithstanding any provision of Chapter 10 (commencing with Section 3400).

Legislative history

Amended by Stats. 2014, Ch. 694, Sec. 53. (SB 1301) Effective January 1, 2015.