California Corporations Code CHAPTER 1 - General Provisions and Definitions

• Section 2500.
  This division shall be known and may be cited as the Social Purpose Corporations Act.(Amended by Stats. 2014, Ch. 694, Sec. 13. (SB 1301) Effective...
• Section 2501.
  Except as otherwise expressly stated, the provisions of Division 1 (commencing with Section 100) shall apply to corporations organized under this division, and references in...
• Section 2502.
  This division applies only to social purpose corporations organized expressly under this division whether organized or existing under this division or amended, merged or converted...
• Section 2502.01.
  Every social purpose corporation organized under the laws of this state or similar foreign social purpose corporation, all of the capital stock of which is...
• Section 2502.02.
  Unless otherwise expressly provided, whenever reference is made in this division to any other state or federal statute, that reference is to that statute as...
• Section 2502.03.
  A social purpose corporation may be sued in the same manner as a corporation as provided in the Code of Civil Procedure.(Amended by Stats. 2014,...
• Section 2502.04.
  A social purpose corporation formed under this division shall, in respect of its property, as a condition of its existence as a social purpose corporation,...
• Section 2502.05.
  The fees of the Secretary of State for filing instruments by or on behalf of social purpose corporations shall be the same fees prescribed for...
• Section 2502.06.
  (a) Provisions of the articles described in paragraph (3) of subdivision (e) of Section 2602 and subdivisions (a) and (b) of Section 2603 may be made...
• Section 2502.07.
  Nothing contained in this division shall be construed to modify the provisions of subdivision (h) of Section 25102, or the conditions provided therein to the...
• Section 2503.
  “Annual report” means the report required by subdivision (a) of Section 3500, including the information specified in subdivision (b) of Section 3500.(Added by Stats. 2011,...
• Section 2503.1.
  “Close social purpose corporation” means a social purpose corporation that is also a close corporation.(Amended by Stats. 2014, Ch. 694, Sec. 21. (SB 1301) Effective...
• Section 2504.
  “Constituent social purpose corporation” means a social purpose corporation that is merged with or into one or more corporations or one or more other business...
• Section 2505.
  “Conversion” means a conversion pursuant to Chapter 11.5 (commencing with Section 1150) of Division 1 and Chapter 9 (commencing with Section 3300) of this division.(Added...
• Section 2506.
  “Disappearing social purpose corporation” means a constituent social purpose corporation that is not the surviving entity.(Amended by Stats. 2014, Ch. 694, Sec. 23. (SB 1301)...
• Section 2507.
  “Domestic social purpose corporation” means a corporation organized under this division.(Amended by Stats. 2014, Ch. 694, Sec. 24. (SB 1301) Effective January 1, 2015.)
• Section 2509.
  “Social purpose corporation,” unless otherwise expressly provided, refers only to a corporation organized under this division.(Amended by Stats. 2014, Ch. 694, Sec. 25. (SB 1301)...
• Section 2510.
  “Social purpose corporation subject to the Banking Law” means any of the following:(a) A social purpose corporation that, with the approval of the Commissioner of Business...
• Section 2510.1.
  “Social purpose corporation subject to the Insurance Code as an insurer” means a social purpose corporation that has met the requirements of Sections 201.5, 201.6,...
• Section 2511.
  “Reorganization” means a merger reorganization, an exchange reorganization, or a sale of assets reorganization.(a) “Merger reorganization” means a merger pursuant to Chapter 11 (commencing with Section...
• Section 2512.
  “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...
• Section 2513.
  “Special purpose” means the special purpose set forth in a social purpose corporation’s articles pursuant to subdivision (b) of Section 2602.(Amended by Stats. 2014, Ch....
• Section 2514.
  “Special purpose current report” means the report required of a social purpose corporation pursuant to Section 3501.(Amended by Stats. 2014, Ch. 694, Sec. 31. (SB...
• Section 2515.
  “Special purpose MD&A” means the management discussion and analysis required of a social purpose corporation pursuant to subdivision (b) of Section 3500.(Amended by Stats. 2014,...
• Section 2516.
  “Special purpose objectives” means those objectives set forth by management and the directors of a social purpose corporation for purposes of measuring the impact of...
• Section 2517.
  “Surviving social purpose corporation” means a social purpose corporation into which one or more other corporations or one or more other business entities is merged.(Amended...

Last modified: October 22, 2018