California Corporations Code

§ 3203

CORP § 3203 Effective Jan 1, 2015Div. 1.5 · Title 1 · Ch. 8

Statute text

(a)Any one or more social purpose corporations may merge with one or more other business entities. One or more domestic social purpose corporations not organized under this division and one or more foreign corporations may be parties to the merger. Notwithstanding this section, the merger of any number of social purpose corporations with any number of other business entities may be effected only if:

(1)In a merger in which a domestic social purpose corporation not organized under this division or a domestic other business entity is a party, it is authorized by the laws under which it is organized to effect the merger.

(2)In a merger in which a foreign corporation is a party, it is authorized by the laws under which it is organized to effect the merger.

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Legislative history

Amended by Stats. 2014, Ch. 694, Sec. 54. (SB 1301) Effective January 1, 2015.