Any amendment to the agreement may be adopted and the agreement so amended may be approved by the board and, if it changes any of the principal terms of the agreement, by the outstanding shares (Section 152) (if required by Chapter 12) of any constituent corporation in the same manner as the original agreement. If the agreement so amended is approved by the board and the outstanding shares (if required) of each of the corporations, the agreement so amended shall then constitute the agreement of merger.
Cal. Corp. Code § 1104
Merger
Known as the General Corporation Law
The act spans §§ 100–2319 (398 sections).
Applied in 1 court decision — leading case Jewel Companies, Inc. v. Pay Less Drug Stores Northwest, Inc. (1981)
Most recently applied in Jewel Companies, Inc. v. Pay Less Drug Stores Northwest, Inc. (April 1981)
Amended by Stats. 1979, Ch. 711.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.