Merger: conversion of nonredeemable common shares and equity securities.
This bill failed and is no longer moving.
- Stage
- Failed
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Nov 30, 2014
What it does
Existing provisions of law provide for the merger of 2 or more corporations by approval of the board of each corporation of an agreement of merger. Existing law requires that the agreement contain the manner of converting the shares of each of the constituent corporations into shares or other securities of the surviving corporation, as specified.
Where it stands
This bill failed and is no longer moving.
Failed
This bill failed and is no longer moving.
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.