{"code":"CORP","codeName":"Corporations Code","section":"3305","citation":"Corp. Code, § 3305","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 1.5. SOCIAL PURPOSE CORPORATIONS ACT [2500. - 3503.]","url":"https://blackletter.si/corporations-code/title-1/division-1.5"},{"name":"CHAPTER 9. Conversions [3300. - 3307.]","url":"https://blackletter.si/corporations-code/title-1/division-1.5/chapter-9"}],"history":"Amended by Stats. 2014, Ch. 694, Sec. 60.   (SB 1301)   Effective January 1, 2015.","effective":"2015-01-01","html":"<p>The shareholders with dissenting rights, as defined in subdivision (b) of Section <a href=\"/corp/1300\">1300</a>, of a converting social purpose corporation shall have all of the rights under Chapter 13 (commencing with Section <a href=\"/corp/1300\">1300</a>) of Division 1 of the shareholders of a corporation involved in a reorganization requiring the approval of its outstanding shares, and the converting social purpose corporation shall have all of the obligations under Chapter 13 (commencing with Section <a href=\"/corp/1300\">1300</a>) of Division 1 of a corporation involved in the reorganization. Solely for purposes of applying the provisions of Chapter 13 (commencing with Section <a href=\"/corp/1300\">1300</a>) of Division 1, and not for purposes of this chapter, a conversion pursuant to Section <a href=\"/corp/3301\">3301</a> or <a href=\"/corp/3307\">3307</a> shall be deemed to constitute a reorganization.</p>","text":"The shareholders with dissenting rights, as defined in subdivision (b) of Section 1300, of a converting social purpose corporation shall have all of the rights under Chapter 13 (commencing with Section 1300) of Division 1 of the shareholders of a corporation involved in a reorganization requiring the approval of its outstanding shares, and the converting social purpose corporation shall have all of the obligations under Chapter 13 (commencing with Section 1300) of Division 1 of a corporation involved in the reorganization. Solely for purposes of applying the provisions of Chapter 13 (commencing with Section 1300) of Division 1, and not for purposes of this chapter, a conversion pursuant to Section 3301 or 3307 shall be deemed to constitute a reorganization.","otherVersions":[],"url":"https://blackletter.si/corporations-code/conversions-3305","source":"California Legislative Information bulk export (pubinfo)"}