California Corporations Code

§ 12530.5

CORP § 12530.5 Effective Jan 1, 2016Div. 3 · Title 1 · Part 2 · Ch. 10 · Art. 1

Statute text

Notwithstanding Section 12530, a worker cooperative that has not revoked its election to be governed as a worker cooperative under Section 12310.5 shall not consolidate or merge with another corporation other than another worker cooperative. Two or more worker cooperatives may merge or consolidate in a manner consistent with this chapter.

Legislative history

Added by Stats. 2015, Ch. 192, Sec. 23. (AB 816) Effective January 1, 2016.