California Corporations Code

§ 8612

CORP § 8612Div. 2 · Title 1 · Part 3 · Ch. 16

Statute text

(a)A voluntary election to wind up and dissolve may be revoked prior to distribution of any assets: (1) if the election was made pursuant to subdivision (a) of Section 8610, by the vote of members representing a majority of the voting power; or (2) if the election was by the board pursuant to subdivision (b) of Section 8610, by approval of the board. Thereupon a certificate evidencing the revocation shall be signed, verified and filed in the manner prescribed by Section 8611 and a copy thereof filed with the Attorney General.

(b)The certificate shall set forth:

(1)That the corporation has revoked its election to wind up and dissolve.

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Legislative history

Added by Stats. 1978, Ch. 567.