Corporations Code section 12530.5

Notwithstanding Section 12530, a worker cooperative that has not revoked its election to be governed as a worker cooperative under Section 12310.5 shall not consolidate or merge with another corporation other than another worker cooperative. Two or more worker cooperatives may merge or consolidate in a manner consistent with this chapter.

Source: Section 12530.5, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12530.5. (accessed May 26, 2025).

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12540.1

Last Updated

May 12, 2025

§ 12530.5’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_12530.5

Original Source: Section 12530.5, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12530.5. (last accessed May 12, 2025).