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HomeCorporations CodeCh. 20§ 12700 Corporate Dissolution Effective Date

§ 12700 Corporate Dissolution Effective Date

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 12700 Corporate Dissolution Effective Date

This law says that when a company decides to close itself down, the rules that apply depend on when the paperwork was filed: the new rules apply for filings on or after Jan 1 1984, and the old rules apply for filings before that date.

Key Takeaways

  • •New rules (Chapters 16 & 17) apply to voluntary dissolutions filed on/after Jan 1 1984.
  • •Old rules apply to voluntary dissolutions filed before Jan 1 1984.
  • •The law only matters for voluntary dissolution filings, not other types of corporate actions.

Example

A small business files paperwork to dissolve on March 15 2022.

Because the filing happened after Jan 1 1984, the company must follow the new rules in Chapters 16 and 17.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 12700 Corporate Dissolution Effective Date

Chapter 16 (commencing with Section 12630) and Chapter 17 (commencing with Section 12650) of the new law shall apply to any voluntary dissolution proceeding initiated with respect to a subject corporation by the filing on or after January 1, 1984, of an election to wind up and dissolve. The prior law shall govern any of these proceedings so initiated prior to January 1, 1984. (Repealed and added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)

Last verified: January 10, 2026

Key Terms

voluntary dissolution proceedingelection to wind up and dissolveJanuary 1, 1984

Related Statutes

  • § 12691 Corporate Law Application Dates
  • § 12697 Corporate Law Effective Date
  • § 12698 Corporate Transaction Effective Dates
  • § 12699 Involuntary Dissolution Transition Rules
  • § 12701 Corporate Agent Service Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 12700.
View Official Source