Legal Question in Business Law in California
If a California Corporation changes its name and amends the articles, do I have to reissue the private stock or does the fictitious name filing cover?
2 Answers from Attorneys
Corporations Code section 422 seems to address this issue, and makes the reissuance of share certificates optional. Corporate reliance upon fancy, engraved stock certificates is decreasing; they key these days seems to be keeping a good record in the corporate secretary's record books. Nevertheless, I personally prefer following the CC 422 option, and recalling and re-issuing all the outstanding stock certificates with new ones showing all the current and correct information, including the corporate name.
By the way, the fictitious business name filing has little to do with the corporation's stock.
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