California Corporations Code

§ 1902

CORP § 1902Div. 1 · Title 1 · Ch. 19

Statute text

(a)A voluntary election to wind up and dissolve may be revoked prior to distribution of any assets by the vote of shareholders holding shares representing a majority of the voting power, or by approval by the board if the election was by the board pursuant to subdivision (b) of Section 1900. Thereupon a certificate evidencing the revocation shall be signed, verified and filed in the manner prescribed by Section 1901.

(b)The certificate shall set forth:

(1)That the corporation has revoked its election to wind up and dissolve.

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Legislative history

Amended by Stats. 1976, Ch. 641.