California · Corporations Code

CORP §908: Upon the filing of the certificate of amendment, the articles shall be amended in accordance with the certificate and any stock split, reverse stock split, reclassification, cancellation, exchange or

What this law says, in plain English

This statute addresses corporate stock transactions and amendments. Upon filing a certificate of amendment, articles are modified to reflect stock splits, reverse splits, reclassifications, cancellations, or exchanges.

Read the full statutory text

Upon the filing of the certificate of amendment, the articles shall be amended in accordance with the certificate and any stock split, reverse stock split, reclassification, cancellation, exchange or other change in shares shall be effected, and a copy of the certificate, certified by the Secretary of State, is prima facie evidence of the performance of the conditions necessary to the adoption of the amendment.

Verify at the official source: California legislative text

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