Cal. Code Regs. tit. 10 § 260.017.3

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 260.017.3 - Change in Close Corporation Status

The term "any change in the rights, preferences, privileges, or restrictions of or on outstanding securities" as used in subdivision (a) of Section 25017 of the Code includes, but is not limited to, the addition to or deletion from the articles of incorporation of the provisions prescribed by Section 158(a) of the Code with respect to close corporations (see Sections 418(d) and 421 of the Code relating to restrictions on the transfer of shares and Sections 158(c), 1111 and 1201(e) relating to restrictions on voting rights).

Cal. Code Regs. Tit. 10, § 260.017.3

1. New section filed 5-15-78; effective thirtieth day thereafter (Register 78, No. 20).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25017, Corporations Code.

1. New section filed 5-15-78; effective thirtieth day thereafter (Register 78, No. 20).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).