California Corporations Code

§ 14012

CORP § 14012 Effective Oct 4, 2013Div. 3 · Title 1 · Part 5 · Ch. 1 · Art. 4

Statute text

For six months following the establishment of a corporation, commencing upon filing of the articles of incorporation with the Secretary of State, a corporation shall be on probation. While on probation, a corporation may be suspended if suspension is recommended by the program manager and affirmed by the executive director. This suspension is nonappealable and not subject to the procedures for suspension applicable to a corporation not on probation.

Legislative history

Added by Stats. 2013, Ch. 537, Sec. 2. (AB 1247) Effective October 4, 2013.