{"code":"CORP","codeName":"Corporations Code","section":"205","citation":"Corp. Code, § 205","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","url":"https://blackletter.si/corporations-code/title-1/division-1"},{"name":"CHAPTER 2. Organization and Bylaws [200. - 213.]","url":"https://blackletter.si/corporations-code/title-1/division-1/chapter-2"}],"history":"Added by Stats. 1975, Ch. 682.","effective":null,"html":"<p>Solely for the purpose of any statute or regulation imposing any tax or fee based upon the capitalization of a corporation, all authorized shares of a corporation organized under this division shall be deemed to have a nominal or par value of one dollar ($1) per share. If any federal or other statute or regulation applicable to a particular corporation requires that the shares of such corporation have a par value, such shares shall have the par value determined by the board in order to satisfy the requirements of such statute or regulation.</p>","text":"Solely for the purpose of any statute or regulation imposing any tax or fee based upon the capitalization of a corporation, all authorized shares of a corporation organized under this division shall be deemed to have a nominal or par value of one dollar ($1) per share. If any federal or other statute or regulation applicable to a particular corporation requires that the shares of such corporation have a par value, such shares shall have the par value determined by the board in order to satisfy the requirements of such statute or regulation.","otherVersions":[],"url":"https://blackletter.si/corporations-code/organization-and-bylaws-205","source":"California Legislative Information bulk export (pubinfo)"}