Amended by Stats. 1978, Ch. 965.
Except as otherwise provided in Sections 31004 and 31952, the provisions of the General Corporation Law (Division 1 (commencing with Section 100), Title 1 of the Corporations Code) shall, on and after the effective date of this division, apply to each old corporation; provided, however, that, for purposes of the provisions of Chapter 23 (commencing with Section 2300) of the General Corporation Law, with respect to each old corporation:
(a)The term “effective date” shall mean the effective date of this division.
(b)The term “prior law” shall
mean the old law.
(c)Each old corporation shall be deemed to be a corporation referred to in Section 162 of the Corporations Code.
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