California Statutes
§ 1159. — 1159. (Added by Stats. 2002, Ch. 480, Sec. 6.)
California·Code CORP Corporations Code - CORP·Div. 1.·Title 1. DIVISION 1. GENERAL CORPORATION LAW·Ch. 11.5. CHAPTER 11.5. Conversions
The shareholders of a converting corporation shall have all of the rights under Chapter 13 (commencing with Section 1300) of the shareholders of a corporation involved in a reorganization requiring the approval of its outstanding shares (Section 152), and the converting corporation shall have all of the obligations under Chapter 13 (commencing with Section 1300) of a corporation involved in the reorganization. Solely for purposes of applying the provisions of Chapter 13 (and not for purposes of Chapter 12), a conversion pursuant to Section 1151 or 1157 shall be
deemed to constitute a reorganization.
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California § 1159. (1159. (Added by Stats. 2002, Ch. 480, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2002, Ch. 480, Sec. 6. Effective January 1, 2003.