California Statutes
§ 8011.5. — 8011.5. (Amended by Stats. 2022, Ch. 452, Sec. 56.)
California § 8011.5.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.2.
Title 1.DIVISION 2. NONPROFIT CORPORATION LAW
Part 3.PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS
Ch. 10.CHAPTER 10. Mergers
Art. 1.ARTICLE 1. Merger
This text of California § 8011.5. (8011.5. (Amended by Stats. 2022, Ch. 452, Sec. 56.)) 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 § 8011.5. (2026).
Text
Each membership of the same class of any constituent corporation (other than the cancellation of memberships held by a surviving corporation or its parent or a wholly owned subsidiary of either in a constituent corporation) shall be treated equally with respect to any distribution of cash, property, rights or securities unless:
(a)all members of the class consent or (b) the Commissioner of Financial Protection and Innovation has approved the terms and conditions of the transaction and the fairness of the terms pursuant to Section 25142.
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Legislative History
Amended by Stats. 2022, Ch. 452, Sec. 56. (SB 1498) Effective January 1, 2023.
Nearby Sections
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Bluebook (online)
California § 8011.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/8011.5..