Laws, Regulations & Annotations

C

220.0000 CHANGE IN OWNERSHIP

Annotation 220.0067

220.0067 Corporate Merger. In a merger where the assets of the merged corporations are transferred to the surviving corporation by operation of law, the transfer of any California real property to the surviving corporation as a result of the merger results in a change in ownership of that property pursuant to sections 60 and 61(j) and Rule 462.180(a), absent any exclusion. Further, the transfer of voting stock in the surviving corporation to former shareholders of the merged corporations would result in a change in ownership of any California real property owned by the surviving corporation prior to the merger, if, as a result of the merger, one person or entity obtained more than 50 percent of the surviving corporation�s stock. C 10/30/2009.