California Corporations Code

§ 181

CORP § 181 Effective Jan 1, 2000Div. 1 · Title 1 · Ch. 1

Statute text

“Reorganization” means either:

(a)A merger pursuant to Chapter 11 (commencing with Section 1100) other than a short-form merger (a “merger reorganization”).

(b)The acquisition by one domestic corporation, foreign corporation, or other business entity in exchange, in whole or in part, for its equity securities (or the equity securities of a domestic corporation, a foreign corporation, or an other business entity which is in control of the acquiring entity) of equity securities of another domestic corporation, foreign corporation, or other business entity if, immediately after the acquisition, the acquiring entity has control of the other entity (an “exchange reorganization”).

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Legislative history

Amended by Stats. 1999, Ch. 437, Sec. 5. Effective January 1, 2000.