California § 3305. 3305. (Amended by Stats. 2014, Ch. 694, Sec. 60.)

California Statutes

§ 3305. — 3305. (Amended by Stats. 2014, Ch. 694, Sec. 60.)

California § 3305.

JurisdictionCalifornia

Code CORPCorporations Code - CORP

Div.1.5.

Title 1.DIVISION 1.5. SOCIAL PURPOSE CORPORATIONS ACT

Ch. 9.CHAPTER 9. Conversions

This text of California § 3305. (3305. (Amended by Stats. 2014, Ch. 694, Sec. 60.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Corporations Code - CORP Code § 3305. (2026).

Text

The shareholders with dissenting rights, as defined in subdivision (b) of Section 1300, of a converting social purpose corporation shall have all of the rights under Chapter 13 (commencing with Section 1300) of Division 1 of the shareholders of a corporation involved in a reorganization requiring the approval of its outstanding shares, and the converting social purpose corporation shall have all of the obligations under Chapter 13 (commencing with Section 1300) of Division 1 of a corporation involved in the reorganization. Solely for purposes of applying the provisions of Chapter 13 (commencing with Section 1300) of Division 1, and not for purposes of this chapter, a conversion pursuant to Section 3301 or 3307 shall be deemed to constitute a reorganization.

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The shareholders with dissenting rights, as defined in subdivision (b) of Section 1300, of a converting social purpose corporation shall have all of the rights under Chapter 13 (commencing with Section 1300) of Division 1 of the shareholders of a corporation involved in a reorganization requiring the approval of its outstanding shares, and the converting social purpose corporation shall have all of the obligations under Chapter 13 (commencing with Section 1300) of Division 1 of a corporation involved in the reorganization. Solely for purposes of applying the provisions of Chapter 13 (commencing with Section 1300) of Division 1, and not for purposes of this chapter, a conversion pursuant to Section 3301 or 3307 shall be deemed to constitute a reorganization.

Legislative History

Amended by Stats. 2014, Ch. 694, Sec. 60. (SB 1301) Effective January 1, 2015.

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California § 3305., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/3305..