California · Financial Code

FIN §20: The existence of corporations formed or existing on the date this code takes effect is not affected by the enactment of this code nor by any change in the requirements for the formation of corporation

What this law says, in plain English

This statute states that existing corporations are not affected by the enactment of this code or changes to corporation formation requirements.

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The existence of corporations formed or existing on the date this code takes effect is not affected by the enactment of this code nor by any change in the requirements for the formation of corporations, nor by the amendment or repeal of the laws under which they were formed or created.

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