California Corporations Code

§ 1112

CORP § 1112Div. 1 · Title 1 · Ch. 11

Statute text

If a disappearing corporation in a merger is a 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 corporation, regardless of limitations or restrictions on the voting rights thereof, notwithstanding any provision of Chapter 12 (commencing with Section 1200).

Legislative history

Added by Stats. 1979, Ch. 711.