California Statutes
§ 12530.5. — 12530.5. (Added by Stats. 2015, Ch. 192, Sec. 23.)
California·Code CORP Corporations Code - CORP·Div. 3.·Title 1. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES·Part 2. PART 2. COOPERATIVE CORPORATIONS·Ch. 10. CHAPTER 10. Mergers·Art. 1. ARTICLE 1. Merger
Notwithstanding Section 12530, a worker cooperative that has not revoked its election to be governed as a worker cooperative under Section 12310.5 shall not consolidate or merge with another corporation other than another worker cooperative. Two or more worker cooperatives may merge or consolidate in a manner consistent with this chapter.
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California § 12530.5. (12530.5. (Added by Stats. 2015, Ch. 192, Sec. 23.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2015, Ch. 192, Sec. 23. (AB 816) Effective January 1, 2016.