California Financial Code 193 – “Resulting,” when used with respect to a corporation, …
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“Resulting,” when used with respect to a corporation, means:
(a) In the case of a consolidation, the corporation into which the constituent corporations are consolidated.
Terms Used In California Financial Code 193
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) In the case of a conversion, the corporation into which the converting corporation is converted.
(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)