“Disappearing social purpose corporation” means a constituent social purpose corporation that is not the surviving entity.

(Amended by Stats. 2014, Ch. 694, Sec. 23. (SB 1301) Effective January 1, 2015.)

Terms Used In California Corporations Code 2506

  • 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.