§ 12693
50 words·~1 min read·
/ca/corporations-code/12693A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 12320 of the new law shall apply to subject corporations, but any statement in the articles of these corporations prior to an amendment thereof pursuant to Section 12692, relating to the powers of the corporation, shall not be construed as a limitation unless it is expressly stated as such.