California · Corporations Code

CORP §2303: Sections 206 and 207 of the new law apply to corporations existing on the effective date, but any statement in the articles of such corporation, prior to an amendment thereof pursuant to Section 2302,

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What this law says, in plain English

This statute establishes that sections 206 and 207 apply to existing corporations as of the effective date, subject to amendment under Section 2302.

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Sections 206 and 207 of the new law apply to corporations existing on the effective date, but any statement in the articles of such corporation, prior to an amendment thereof pursuant to Section 2302, relating to the purposes or powers of the corporation shall not be construed as a limitation unless it is expressly stated as such.

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