Cal. Code Regs. tit. 10 § 260.017.2

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 260.017.2 - Changes Effected Through Shareholders' Agreements

The term "any change in the rights, preferences, privileges, or restrictions of or on outstanding securities" as used in subdivision (a) of Section 25017 of the Code includes changes in the rights, preferences, privileges, or restrictions of or on outstanding securities of a corporation effected through the adoption, modification or termination of provisions of a shareholders' agreement, which provisions, except for the second sentence of Section 204(a) or other provision of the Code, or a substantially similar provision of the law of a foreign jurisdiction, would be required to be in the articles of incorporation or bylaws to be effective.

Cal. Code Regs. Tit. 10, § 260.017.2

1. New section filed 5-15-78; effective thirtieth day thereafter (Register 78, No. 20).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).

Note: Authority cited: Section 25610, Corporations Code. Reference: Sections 25017, 25103 and 25120, Corporations Code.

1. New section filed 5-15-78; effective thirtieth day thereafter (Register 78, No. 20).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).