California Corporations Code

§ 2605

CORP § 2605 Effective Jan 1, 2015Div. 1.5 · Title 1 · Ch. 2

Statute text

Subject to any limitations contained in the articles, to compliance with other provisions of this division and any other applicable laws, and to consistency with the special purpose of the social purpose corporation, a social purpose corporation shall have all the powers of a natural person in carrying out its business activities, including, without limitation, the power to:

(a)Adopt, use, and at will alter a corporate seal. Failure to affix a seal does not affect the validity of any instrument.

(b)Adopt, amend, and repeal bylaws.

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Legislative history

Amended by Stats. 2014, Ch. 694, Sec. 41. (SB 1301) Effective January 1, 2015.