The provisions of Sections 1400 and 1402 governing bankruptcy reorganizations for corporations also apply to real estate investment trusts. For that purpose where the term âcorporationâ is used in such sections it shall also include the term âreal estate investment trust,â the terms âdirectorâ or âboard of directorsâ shall include âtrusteeâ or âboard of trustees,â the term âarticlesâ shall include âdeclaration of trustâ and the term âcapital stockâ shall include âshares of beneficial interest.â
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.