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Cal. Corp. Code § 3002

Amendment of Articles

Showing this section's text as in effect on January 1, 2011 (in force January 1, 2011 – January 1, 2015). View current text →

(a) A flexible purpose corporation may, by amendment of its articles pursuant to this section, convert to a domestic corporation.

(b) The amendment of the articles to convert to a domestic corporation shall revise the statement of purpose to delete any provisions in the articles that are permitted by Section 2602, but that are not permitted to be in the articles of a domestic corporation.

(c) If shares have been issued, an amendment to convert to a domestic corporation shall be approved by an affirmative vote of at least two-thirds of the outstanding shares of each class, or a greater vote if required in the articles, regardless of whether that class is entitled to vote thereon by the provisions of the articles.

(d) If an amendment pursuant to this section is included in a merger agreement, the provisions of this section shall apply, except that any provision for cancellation or conversion of shares shall be in the merger agreement rather than in the amendment of the articles.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.