(a) After the approval, as provided in Section 1152, of a plan of conversion by the board and the outstanding shares of a corporation, the converting corporation shall cause the filing of all documents required by law, including, in the case of a corporation converting into a foreign corporation or foreign other business entity, the laws of the state or place of organization of the foreign corporation or foreign other business entity, to effect the conversion and create the converted entity, which documents shall include a certificate of conversion or a statement of conversion as required by Section 1155, and the conversion shall thereupon be effective, or, in the case of a corporation converting into a foreign corporation or foreign other business entity, shall be effective in accordance with the laws of the state or place of organization of the foreign corporation or foreign other business entity.

(b) A copy of the statement of partnership authority, certificate of limited partnership, or articles of organization, or certificate of conversion complying with Section 1155, duly certified by the Secretary of State on or after the effective date, is conclusive evidence of the conversion of the corporation.

Terms Used In California Corporations Code 1153

  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • State: means the State of California, unless applied to the different parts of the United States. See California Education Code 77

(Amended by Stats. 2022, Ch. 237, Sec. 4. (SB 49) Effective January 1, 2023.)

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