California Corporations Code 12507 – The certificate of amendment shall establish the wording of the …
The certificate of amendment shall establish the wording of the amendment or amended articles by one or more of the following means:
(a) By stating that the articles shall be amended to read as therein set forth in full.
Terms Used In California Corporations Code 12507
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- State: means the State of California, unless applied to the different parts of the United States. See California Education Code 77
(b) By stating that any provision of the articles, which shall be identified by the numerical or other designation given it in the articles or by stating the wording thereof, shall be striken from the articles or shall be amended to read as set forth in the certificate.
(c) By stating that the provisions set forth therein shall be added to the articles.
If the purpose of the amendment is to reclassify, cancel, exchange, or otherwise change outstanding memberships the amended articles shall state the effect thereof on outstanding memberships.
(Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)