California Corporations Code

§ 2800

CORP § 2800 Effective Jan 1, 2015Div. 1.5 · Title 1 · Ch. 4

Statute text

(a)All certificates representing shares of a social purpose corporation shall contain, in addition to any other statements required by this section, the following conspicuous language on the face of the certificate. “This entity is a social purpose corporation organized under Division 1.5 of the California Corporations Code. The articles of this corporation state one or more purposes required by law. Refer to the articles on file with the Secretary of State, and the bylaws and any agreements on file with the secretary of the corporation, for further information.”

(b)There shall also appear on the certificate, the initial transaction statement, and written statements, unless stated or summarized under subdivision (a) or (b) of Section 417, the statements required by all of the following, to the extent applicable:

(1)The fact that the shares are subject to restrictions upon transfer.

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Legislative history

Amended by Stats. 2014, Ch. 694, Sec. 45. (SB 1301) Effective January 1, 2015.