California Corporations Code

§ 7132

CORP § 7132 Effective Jan 1, 2010Div. 2 · Title 1 · Part 3 · Ch. 1 · Art. 3

Statute text

(a)The articles of incorporation may set forth any or all of the following provisions, which shall not be effective unless expressly provided in the articles:

(1)A provision limiting the duration of the corporation’s existence to a specified date.

(2)A provision conferring upon the holders of any evidences of indebtedness, issued or to be issued by a corporation the right to vote in the election of directors and on any other matters on which members may vote under this part even if the corporation does not have members.

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Legislative history

Amended by Stats. 2009, Ch. 631, Sec. 16. (AB 1233) Effective January 1, 2010.