California Law (Last Updated: March 4, 2014) |
Education Code - EDC |
Title 3. POSTSECONDARY EDUCATION |
Division 10. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS |
Part 59. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS |
Chapter 8. Private Postsecondary Institutions |
ARTICLE 3. Definitions |
Section 94821.
Latest version.
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"Change in business organization form" means a change of a business organization's original form, including, for example, a situation in which a sole proprietorship becomes a partnership or corporation, or when a business organization becomes a nonprofit public benefit corporation or forms a nonprofit public benefit corporation as a subsidiary to provide the educational programs for which the business organization has an approval to operate.
(Added by Stats. 2009, Ch. 310, Sec. 6. Effective January 1, 2010. Repealed as of January 1, 2015, pursuant to Section 94950.)