§Why CasetextPricing

Declaration

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2 Cited authorities

  1. Section 1362 - Election; revocation; termination

    26 U.S.C. § 1362   Cited 159 times   29 Legal Analyses
    Providing for termination of S-corp status by revocation with the approval of shareholders holding more than one-half the corporation's shares

  2. Section 158 - "Close corporation" defined

    Cal. Corp. Code § 158   Cited 19 times   2 Legal Analyses

    (a) "Close corporation" means a corporation, including a close social purpose corporation, whose articles contain, in addition to the provisions required by Section 202, a provision that all of the corporation's issued shares of all classes shall be held of record by not more than a specified number of persons, not exceeding 35, and a statement, "This corporation is a close corporation." (b) The special provisions referred to in subdivision (a) may be included in the articles by amendment, but if