California Corporations Code 2319 – If the corporate rights, privileges and powers of a corporation have …
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If the corporate rights, privileges and powers of a corporation have been suspended and are still suspended immediately prior to the effective date pursuant to Sections 5700 through 5908 of the old law and provisions of law there referred to, said sections and provisions continue to apply to such a corporation until restoration by the Controller pursuant to said sections.
(Added by Stats. 1975, Ch. 682.)
Terms Used In California Corporations Code 2319
- 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.
- effective date: means January 1, 1977. See California Corporations Code 2300