{"code":"CORP","codeName":"Corporations Code","section":"25005.1","citation":"Corp. Code, § 25005.1","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. SECURITIES [25000. - 31528.]","url":"https://blackletter.si/corporations-code/title-4"},{"name":"DIVISION 1. CORPORATE SECURITIES LAW OF 1968 [25000. - 25707.]","url":"https://blackletter.si/corporations-code/title-4/division-1"},{"name":"PART 1. DEFINITIONS [25000. - 25023.]","url":"https://blackletter.si/corporations-code/title-4/division-1/part-1"}],"history":"Amended by Stats. 2012, Ch. 419, Sec. 21.   (SB 323)   Effective January 1, 2013.   Operative January 1, 2014, by Sec. 32 of Ch. 419.","effective":"2013-01-01","html":"<p>“Entity conversion transaction” means a conversion pursuant to Section <a href=\"/corp/1151\">1151</a>, <a href=\"/corp/1157\">1157</a>, <a href=\"/corp/15911.02\">15911.02</a>, <a href=\"/corp/15911.08\">15911.08</a>, <a href=\"/corp/16902\">16902</a>, <a href=\"/corp/16908\">16908</a>, <a href=\"/corp/17710.02\">17710.02</a>, or <a href=\"/corp/17710.08\">17710.08</a> or a conversion that occurs entirely out of state, unless the interests in the entity resulting from the conversion to be held by the equity holders of the entity being converted as a result of the conversion are not securities. For purposes of Sections <a href=\"/corp/25103\">25103</a> and <a href=\"/corp/25120\">25120</a> an entity conversion transaction is not a change in the rights, preferences, privileges, or restrictions of or on outstanding securities or an exchange of securities by the issuer with its existing security holders exclusively.</p>","text":"“Entity conversion transaction” means a conversion pursuant to Section 1151, 1157, 15911.02, 15911.08, 16902, 16908, 17710.02, or 17710.08 or a conversion that occurs entirely out of state, unless the interests in the entity resulting from the conversion to be held by the equity holders of the entity being converted as a result of the conversion are not securities. For purposes of Sections 25103 and 25120 an entity conversion transaction is not a change in the rights, preferences, privileges, or restrictions of or on outstanding securities or an exchange of securities by the issuer with its existing security holders exclusively.","otherVersions":[],"url":"https://blackletter.si/corporations-code/definitions-25005-1","source":"California Legislative Information bulk export (pubinfo)"}