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California Code Laws for Corporation Sole
CORPORATIONS CODE
SECTION 10000-10015
10000.
The provisions of this part apply to all corporations soles organized either
before or after March 30, 1878, whether or not the corporations organized before
have elected to continue their existence under the Civil Code or elect to
continue their existence under this code , except that Sections 10002, and 10012
to 10015, inclusive, do not apply to corporations sole formed before March
30,1878, unless they have elected to continue their existence under the Civil
Code or under this code.
10001.
Any corporation sole formed prior to March 30,
1878, and existing under the laws of this State may elect to continue its
existence under this part by filing a certificate to that effect, under its
corporate seal, if any, signed by its chief officer, or by filing
amended articles of incorporation in the form required in this part.
10002.
A corporation sole may be formed under this part by the bishop, chief priest, presiding elder, or other presiding officer of any religious denomination, society, or church, for the purpose of administering and managing the affairs, property, and temporalities thereof.
10003.
The articles of incorporation shall state:
(a) The name of the corporation .
(b) That the officer forming the corporation is duly authorized by the rules, regulations, or discipline of the religious denomination, society, or church to take such action.
(c) The county in this State where the principal office for the transaction of the business of the corporation is located.
(d) The manner in which any vacancy occurring in the office of the bishop, chief priest, presiding elder, or other presiding officer is required to be filled by the rules, regulations, or constitution of the denomination, society, or church.
10004.
The articles of incorporation may state any desired provision for the regulation of the affairs of the corporation in a manner not in conflict with law, including restrictions upon the power to amend all or any part of the articles of incorporation.
10005.
The articles shall be signed and verified by the bishop, chief priest, presiding elder, or other presiding officer forming the corporation and shall be submitted to the Secretary of State for filing in his office. If they conform to law he shall file them and endorse the date of filing thereon. Upon the filing of the articles with the Secretary of State the corporation sole is formed.
10007.
Every corporation sole may:
(a) Sue and be sued, and defend, in all courts and places, in all matters and proceedings whatever.
(b) Contract in the same manner and to the same extent as a natural person, for the purposes of the trust.
(c) Borrow money, and give promissory notes therefore, and secure the payment thereof by mortgage or other lien upon property, real or personal.
(d) Buy, sell, lease, mortgage, and in every way deal in real and personal property in the same manner that a natural person may, without the order of any court.
(e) Receive bequests and devises for its own use or upon trusts to the same extent as natural persons may, subject, however, to the laws regulating the transfer of property by will.
(f) Appoint attorneys in fact.
10008.
Every corporation sole has perpetual existence and also has continuity of existence, notwithstanding vacancies in the incumbency thereof. During the period of any such vacancy, the corporation sole has the same capacity and right to receive and take any gift, bequest, devise, or conveyance of property, either as grantee for its own use, or as trustee, and to be or be made the beneficiary of a trust, as though there were no vacancy. No agency created by a corporation sole by a written instrument which in express terms provides that the agency thereby created shall not be terminated by a vacancy in the incumbency of the corporation is terminated or affected by the death of the incumbent of the corporation or by a vacancy in the incumbency thereof, however caused.
10009.
Any judge of the superior court in the county in which a corporation sole has its principal office shall at all times have access to the books of the corporation.
10010.
The chief officer of a corporation sole may at
any time amend the articles of incorporation of the corporation changing its
name, the term of its existence, its territorial jurisdiction, or the manner of
filling any vacancy in the office thereof, and may by amended articles of
incorporation make provision for any act or thing for which provision is
authorized in original articles of incorporation of corporations sole. The chief
officer of the corporation shall sign and verify a statement setting forth the
provisions of the amendment and stating that it has been duly authorized by the
religious organization governed by the corporation.
10011.The amendment shall be submitted to the Secretary of State for
filing in his office. If it conforms to law he shall file it and endorse the
date of filing thereon. Thereupon the articles are amended in the manner set
forth in the statement.
10012.
A corporation sole may be dissolved and its affairs wound up voluntarily by filing with the Secretary of State a declaration of dissolution executed, signed, and verified by the chief officer of the corporation.
10013.
The declaration of dissolution shall set forth all of the following:
(a) The name of the corporation.
(b) The reason for its dissolution or winding up.
(c) That dissolution of the corporation has been duly authorized by the religious organization governed by the corporation sole.
(d) The names and addresses of the persons who are to supervise the winding up of the affairs of the corporation .
10014.
The declaration shall be submitted to the Secretary of State for filing in his office. If it conforms to law he shall file it and endorse the date of filing thereon. Thereupon the corporation shall cease to carry on business, except for the purpose of adjusting and winding up its affairs.
10015.
After the debts and obligations of the corporation are paid or adequately provided for, any assets remaining shall be transferred to the religious organization governed by the corporation sole , or to trustees in its behalf, or disposed of as may be decreed by the superior court of the county in which the dissolved corporation had its principal office upon petition therefore by the Attorney General or any person connected with the organization.
