Statute · California Corporations Code

Cal. Corp. Code § 1200 — Reorganizations

Cal. Corp. Code § 1200

Type
Statute
Source
California Corporations Code
Jurisdiction
California
Date
2000-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

A reorganization (Section 181) or a share exchange tender offer (Section 183.5) shall be approved by the board of:

Citator

Cal. Corp. Code § 1200 — Reorganizations is in force in the current edition of the Code, and nothing recorded condemns it.

A reorganization (Section 181) or a share exchange tender offer (Section 183.5) shall be approved by the board of:

(a) Each constituent corporation in a merger reorganization;

(b) The acquiring corporation in an exchange reorganization;

(c) The acquiring corporation and the corporation whose property and assets are acquired in a sale-of-assets reorganization;

(d) The acquiring corporation in a share exchange tender offer (Section 183.5); and

(e) The corporation in control of any constituent or acquiring domestic or foreign corporation or other business entity under subdivision (a), (b) or (c) and whose equity securities are issued, transferred, or exchanged in the reorganization (a “parent party”).