§ 2305 Corporate Officer Title Change

This law says that for any corporation that already existed when the law started, the rules in Section 312(a) apply, and the person called the treasurer is treated just like the chief financial officer.

Key Takeaways

•Only corporations that existed on the law's effective date are covered.
•Subdivision (a) of Section 312 applies to those corporations.
•The corporation's treasurer is considered the chief financial officer for this purpose.

Example

A company that has been around for years has a treasurer who signs the company's financial statements.

Because the company existed when the law took effect, the treasurer can sign those statements as if they were the chief financial officer, since the law says the treasurer is deemed the CFO for Section 312(a).

Subdivision (a) of Section 312 of the new law applies to a corporation existing on the effective date, but the “treasurer” of such corporation shall be deemed to be the “chief financial officer.” (Amended by Stats. 1976, Ch. 641.)

Key Takeaways

•Only corporations that existed on the law's effective date are covered.
•Subdivision (a) of Section 312 applies to those corporations.
•The corporation's treasurer is considered the chief financial officer for this purpose.

Example

A company that has been around for years has a treasurer who signs the company's financial statements.

Key Takeaways

Example

Key Terms

References

§ 2305 Corporate Officer Title Change

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References