California Statutes
§ 12253. — 12253. (Amended by Stats. 2015, Ch. 192, Sec. 9.)
California·Code CORP Corporations Code - CORP·Div. 3.·Title 1. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES·Part 2. PART 2. COOPERATIVE CORPORATIONS·Ch. 1. CHAPTER 1. General Provisions, Organization and Bylaws·Art. 2. ARTICLE 2. General Provisions and Definitions
(a)“Voting power” means the power to vote for the election of directors at the time any determination of voting power is made and does not include the right to vote upon the happening of some condition or event that has not yet occurred.
(b)If different classes of memberships are entitled to vote as separate classes for different members of the board, the determination of percentage of voting power shall be made on the basis of the percentage of the total number of authorized directors that the memberships in question (whether of one or more classes) have the power to elect in an election at which all memberships then entitled to vote for the election of any directors are
voted.
(c)Community investor voting power in a worker cooperative shall be provided in the articles or bylaws,
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California § 12253. (12253. (Amended by Stats. 2015, Ch. 192, Sec. 9.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2015, Ch. 192, Sec. 9. (AB 816) Effective January 1, 2016.