Corp. Code, § 1900 · Chapter 19. Voluntary Dissolution
Corp. Code, § 1900
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Any corporation may elect voluntarily to wind up and dissolve by the vote of shareholders holding shares representing 50 percent or more of the voting power.
(b) Any corporation which comes within one of the following descriptions may elect by approval by the board to wind up and dissolve:
(1) A corporation as to which an order for relief has been entered under Chapter 7 of the federal bankruptcy law.
(2) A corporation which has disposed of all of its assets and has not conducted any business for a period of five years immediately preceding the adoption of the resolution electing to dissolve the corporation.
(3) A corporation which has issued no shares.
Notes and commentary — not statutory text
History
Amended by Stats. 1980, Ch. 501.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=1900.
- Text hash
- sha256 95a4bbbe16a7c7007ea6a3ffd44055611bd0f337666eaef0eaf3f5aaae9ffef7
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 7 provisions
Provisions in this library whose text cites Corp. Code, § 1900. Each shows the citation as that text prints it.
Corporations Code
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