California Corporations Code

§ 1113

CORP § 1113 Effective Jan 1, 2015Div. 1 · Title 1 · Ch. 11

Statute text

(a)Any one or more corporations may merge with one or more other business entities (Section 174.5). One or more domestic corporations (Section 167) not organized under this division and one or more foreign corporations (Section 171) may be parties to the merger. Notwithstanding the provisions of this section, the merger of any number of corporations with any number of other business entities may be effected only if:

(1)In a merger in which a domestic corporation not organized under this division or a domestic other business entity is a party, it is authorized by the laws under which it is organized to effect the merger.

(2)In a merger in which a foreign corporation is a party, it is authorized by the laws under which it is organized to effect the merger.

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Legislative history

Amended by Stats. 2014, Ch. 694, Sec. 7. (SB 1301) Effective January 1, 2015.