California Corporations Code 18360 – An unincorporated association may merge with a domestic or foreign …
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An unincorporated association may merge with a domestic or foreign corporation, domestic or foreign limited partnership, domestic or foreign general partnership, or domestic or foreign limited liability company. Notwithstanding this section, a merger may be effected only if each constituent entity is authorized to effect the merger by the laws under which it was organized.
(Amended by Stats. 2009, Ch. 631, Sec. 51. (AB 1233) Effective January 1, 2010.)
Terms Used In California Corporations Code 18360
- 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.
- 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.