California Corporations Code

§ 2511

CORP § 2511 Effective Jan 1, 2015Div. 1.5 · Title 1 · Ch. 1

Statute text

“Reorganization” means a merger reorganization, an exchange reorganization, or a sale of assets reorganization.

(a)“Merger reorganization” means a merger pursuant to Chapter 11 (commencing with Section 1100) of Division 1 and Chapter 8 (commencing with Section 3200), of this division, other than a short-form merger.

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

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Legislative history

Amended by Stats. 2014, Ch. 694, Sec. 28. (SB 1301) Effective January 1, 2015.