California Code
TITLE 1 - CORPORATIONS
DIVISION 1.5 - SOCIAL PURPOSE CORPORATIONS ACT

CHAPTER 1 - General Provisions and Definitions

Section 2500. - 2500. This division shall be known and may be cited...

Section 2501. - 2501. Except as otherwise expressly stated, the provisions of Division...

Section 2502. - 2502. This division applies only to social purpose corporations organized...

Section 2502.01. - 2502.01. Every social purpose corporation organized under the laws of...

Section 2502.02. - 2502.02. Unless otherwise expressly provided, whenever reference is made in...

Section 2502.03. - 2502.03. A social purpose corporation may be sued in the...

Section 2502.04. - 2502.04. A social purpose corporation formed under this division shall,...

Section 2502.05. - 2502.05. The fees of the Secretary of State for filing...

Section 2502.06. - 2502.06. (a) Provisions of the articles described in paragraph (3)...

Section 2502.07. - 2502.07. Nothing contained in this division shall be construed to...

Section 2503. - 2503. “Annual report” means the report required by subdivision (a)...

Section 2503.1. - 2503.1. “Close social purpose corporation” means a social purpose corporation...

Section 2504. - 2504. “Constituent social purpose corporation” means a social purpose corporation...

Section 2505. - 2505. “Conversion” means a conversion pursuant to Chapter 11.5 (commencing...

Section 2506. - 2506. “Disappearing social purpose corporation” means a constituent social purpose...

Section 2507. - 2507. “Domestic social purpose corporation” means a corporation organized under...

Section 2509. - 2509. “Social purpose corporation,” unless otherwise expressly provided, refers only...

Section 2510. - 2510. “Social purpose corporation subject to the Banking Law” means...

Section 2510.1. - 2510.1. “Social purpose corporation subject to the Insurance Code as...

Section 2511. - 2511. “Reorganization” means a merger reorganization, an exchange reorganization, or...

Section 2512. - 2512. “Share exchange tender offer” means any acquisition by one...

Section 2513. - 2513. “Special purpose” means the special purpose set forth in...

Section 2514. - 2514. “Special purpose current report” means the report required of...

Section 2515. - 2515. “Special purpose MD&A” means the management discussion and analysis...

Section 2516. - 2516. “Special purpose objectives” means those objectives set forth by...

Section 2517. - 2517. “Surviving social purpose corporation” means a social purpose corporation...

CHAPTER 2 - Organization and Bylaws

Section 2600. - 2600. (a) One or more natural persons, partnerships, associations, social...

Section 2600.5. - 2600.5. (a) An existing business association organized as a trust...

Section 2601. - 2601. (a) The Secretary of State shall not file articles...

Section 2602. - 2602. The articles of incorporation shall set forth: (a) The...

Section 2603. - 2603. The articles of incorporation may set forth: (a) Any...

Section 2604. - 2604. Subject to any limitation contained in the articles, to...

Section 2605. - 2605. Subject to any limitations contained in the articles, to...

CHAPTER 3 - Directors and Management

Section 2700. - 2700. (a) A director shall perform the duties of a...

Section 2701. - 2701. (a) Subject to Section 2700, directors of a social...

Section 2702. - 2702. (a) For the purposes of this section: (1) “Agent”...

CHAPTER 4 - Shares and Share Certificates

Section 2800. - 2800. (a) All certificates representing shares of a social purpose...

CHAPTER 5 - Shareholder Derivative Actions

Section 2900. - 2900. (a) As used in this section: (1) “Social purpose...

CHAPTER 6 - Amendment of Articles

Section 3000. - 3000. (a) A proposed amendment to the articles of a...

Section 3001. - 3001. (a) A social purpose corporation may, by amendment of...

Section 3002. - 3002. (a) A social purpose corporation may, by amendment of...

CHAPTER 7 - Sales of Assets

Section 3100. - 3100. (a) A social purpose corporation may sell, lease, convey,...

CHAPTER 8 - Merger

Section 3200. - 3200. If any disappearing social purpose corporation in a merger...

Section 3201. - 3201. If any disappearing corporation in a merger is a...

Section 3202. - 3202. If a disappearing social purpose corporation in a merger...

Section 3203. - 3203. (a) Any one or more social purpose corporations may...

CHAPTER 9 - Conversions

Section 3300. - 3300. For purposes of this chapter, the following definitions shall...

Section 3301. - 3301. (a) A social purpose corporation may be converted into...

Section 3302. - 3302. (a) A social purpose corporation that desires to convert...

Section 3303. - 3303. (a) After the approval, as provided in Section 3302,...

Section 3304. - 3304. (a) To convert a social purpose corporation: (1) If...

Section 3305. - 3305. The shareholders with dissenting rights, as defined in subdivision...

Section 3306. - 3306. Notwithstanding any other provision of law, the Secretary of...

Section 3307. - 3307. (a) An other business entity or a foreign other...

CHAPTER 10 - Reorganizations

Section 3400. - 3400. A reorganization or a share exchange tender offer shall...

Section 3401. - 3401. (a) The principal terms of a reorganization shall be...

CHAPTER 11 - Records and Reports

Section 3500. - 3500. (a) The board of a social purpose corporation shall...

Section 3501. - 3501. (a) The board shall cause a special purpose current...

Section 3502. - 3502. (a) Nothing contained in subdivision (b) of Section 3500...

Section 3503. - 3503. Any officers, directors, employees, or agents of a social...