“Share exchange tender offer” means any acquisition by one social purpose corporation in exchange in whole or in part for its equity securities, or the equity securities of a corporation or a social purpose corporation that is in control of the acquiring social purpose corporation, of shares of another corporation or social purpose corporation, other than an exchange reorganization (subdivision (b) of Section 2511).
Cal. Corp. Code § 2512
General Provisions and Definitions
Known as the Social Purpose Corporations Act
The act spans §§ 2500–3503 (60 sections).
Amended by Stats. 2014, Ch. 694, Sec. 29
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.