California Corporations Code 2510.1 – “Social purpose corporation subject to the Insurance Code as an …
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“Social purpose corporation subject to the Insurance Code as an insurer” means a social purpose corporation that has met the requirements of Sections 201.5, 201.6, and 201.7.
(Amended by Stats. 2014, Ch. 694, Sec. 27. (SB 1301) Effective January 1, 2015.)
Terms Used In California Corporations Code 2510.1
- 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.