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California Corporations Code

§ 3400

CORP § 3400 Effective Jan 1, 2015Div. 1.5 · Title 1 · Ch. 10
A reorganization or a share exchange tender offer shall be approved by the board of all of the following:
(a)Each constituent social purpose corporation in a merger reorganization.
(b)The acquiring social purpose corporation in an exchange reorganization.

Legislative history

Amended by Stats. 2014, Ch. 694, Sec. 62. (SB 1301) Effective January 1, 2015.

Source: California Corporations Code § 3400 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.