California Corporations Code

§ 25014.6

CORP § 25014.6 Effective Jan 1, 2023Div. 1 · Title 4 · Part 1

Statute text

“Rollup transaction” means any transaction or series of transactions that directly or indirectly through acquisition or otherwise involves the combination or reorganization of one or more rollup participants and is one of the following:

(a)The offer or sale of securities by a successor entity, whether newly formed or previously existing, to one or more investors of the rollup participants to be combined or reorganized.

(b)The acquisition of the successor entity’s securities by the rollup participants being combined or reorganized; provided however, that a rollup transaction shall not include any transaction that:

…

Legislative history

Amended by Stats. 2022, Ch. 452, Sec. 71. (SB 1498) Effective January 1, 2023.