California Corporations Code 2503.1 – “Close social purpose corporation” means a social purpose corporation …
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“Close social purpose corporation” means a social purpose corporation that is also a close corporation.
(Amended by Stats. 2014, Ch. 694, Sec. 21. (SB 1301) Effective January 1, 2015.)
Terms Used In California Corporations Code 2503.1
- 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.