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HomeCorporations CodeCh. 6Art. 5§ 9650 Corporate Reorganization Proceedings

§ 9650 Corporate Reorganization Proceedings

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 9650 Corporate Reorganization Proceedings

Key Takeaways

  • •If a company needs to reorganize (like changing how it works or who owns it), the rules in Chapter 14 apply.
  • •The word 'shareholders' in Chapter 14 also means 'members' of the company.
  • •This rule applies to any company reorganization, even if new laws are made later.

Example

A small business wants to change how it’s run, like giving more control to its members instead of just the owners.

The rules in Chapter 14 will tell them how to do this fairly, and the word 'shareholders' in those rules also includes the members of the business.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 9650 Corporate Reorganization Proceedings

Any proceeding, initiated with respect to a corporation, under any applicable statute of the United States, as now existing or hereafter enacted, relating to reorganizations of corporations, shall be governed by the provisions of Chapter 14 (commencing with Section 1400) of Division 1 of Title 1, and for this purpose the reference in Chapter 14 to “shareholders” shall be deemed to be a reference to members and the reference to “this division” shall be deemed to be a reference to this part. (Amended by Stats. 2009, Ch. 500, Sec. 23. (AB 1059) Effective January 1, 2010.)

Last verified: January 23, 2026

Key Terms

reorganizations of corporationsChapter 14shareholdersmembersthis divisionthis part

Related Statutes

  • § 6110 Corporate Reorganization Proceedings
  • § 8110 Corporate Reorganization Proceedings
  • § 12560 Corporate Reorganization Proceedings
  • § 13333 Cooperative Facility Use Limits
  • § 18350 Entity Merger Definitions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 9650.
View Official Source