California Corporations Code 182 – “Reverse stock split” means the pro rata combination of all the …
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“Reverse stock split” means the pro rata combination of all the outstanding shares of a class into a smaller number of shares of the same class by an amendment to the articles stating the effect on outstanding shares.
(Added by Stats. 1975, Ch. 682.)
Terms Used In California Corporations Code 182
- 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.