Can A Corporation Issue Shares That Are Convertible At Its Own Option?

May a California corporation issue shares that are convertible ex proprio motu into shares of any other class or series or any other of its securities?  The answer is "yes" but only if that right is provided in the articles of incorporation and...

A Subsidiary Post

Not too long ago, I wrote about the Securities and Exchange Commission's confusing classification of subsidiaries.  See The Case Of The Wholly Owned, But Not Totally Held, Subsidiary That May Or May Not Be 100% Owned.  Since this blog is concerned...

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