California Corporations Code 13314 – If an association issues nonpar value stock the issuance of such …
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If an association issues nonpar value stock the issuance of such stock shall be governed by the terms of the General Corporation Law covering the issuance of nonpar value stock in domestic corporations.
(Added by Stats. 1953, Ch. 207.)
Terms Used In California Corporations Code 13314
- Association: means any corporation organized under this part. See California Corporations Code 13202
- 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.