California Corporations Code

§ 902

CORP § 902 Effective Jan 1, 2013Div. 1 · Title 1 · Ch. 9

Statute text

(a)After any shares have been issued, amendments may be adopted if approved by the board and approved by the outstanding shares (Section 152), either before or after the approval by the board.

(b)Notwithstanding subdivision (a), an amendment extending the corporate existence or making the corporate existence perpetual may be adopted by a corporation organized prior to August 14, 1929, with approval by the board alone.

(c)Notwithstanding subdivision (a), unless the corporation has more than one class of shares outstanding, an amendment effecting only a stock split (including an increase in the authorized number of shares in proportion thereto) may be adopted with approval by the board alone.

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Legislative history

Amended by Stats. 2012, Ch. 494, Sec. 6. (SB 1532) Effective January 1, 2013.