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The change was phased in over three years, beginning with privilege periods beginning on or after January 1, 2012. Offering occasional news and opinion regarding California business/corporate, employment, real estate, intellectual property, entertainment, and estate planning and probate law. Corporate law, as it is recognized today, has existed for more than 500 years, and grew out of the partnerships that existed in medieval trade guilds. RESTATED CERTIFICATE OF FORMATION. (a) A corporation may adopt a restated certificate of formation as provided by Subchapter B, Chapter 3, by following the same procedure to amend its certificate of formation provided by Sections 22.104-22.107, except that: (1) member approval is required only if the restated certificate of formation contains an amendment; and (2) the members may consent in writing, or the organizers of a corporation may adopt a resolution, to authorize a restated certificate of formation that contains an amendment to cancel an event requiring winding up in accordance with Section 22.302 (1)(B) or 22.302 (2), as applicable. (b) A person shall file a restated certificate of formation as provided by Chapter 4, and the restated certificate of formation takes effect as provided by Subchapter B, Chapter 3.
Pages: 16
Publisher: Lawpack Publishing Ltd (October 8, 2015)
ISBN: 1910143278
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