California · Corporations Code

CORP §1310: If litigation is instituted to test the sufficiency or regularity of the votes of the shareholders in authorizing a reorganization, any proceedings under Sections 1304 and 1305 shall be suspended unti

What this law says, in plain English

When shareholders challenge the validity of votes authorizing a reorganization, proceedings under Sections 1304 and 1305 are suspended until the litigation concludes.

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If litigation is instituted to test the sufficiency or regularity of the votes of the shareholders in authorizing a reorganization, any proceedings under Sections 1304 and 1305 shall be suspended until final determination of such litigation.

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