“Special purpose” means the special purpose set forth in a social purpose corporation‘s articles pursuant to subdivision (b) of Section 2602.

(Amended by Stats. 2014, Ch. 694, Sec. 30. (SB 1301) Effective January 1, 2015.)

Terms Used In California Corporations Code 2513

  • 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.