California Corporations Code

§ 12238

CORP § 12238 Effective Jan 1, 2016Div. 3 · Title 1 · Part 2 · Ch. 1 · Art. 2

Statute text

(a)“Member” means any person who, pursuant to a specific provision of a corporation’s articles or bylaws, has the right to vote for the election of a director or directors, or possesses proprietary interests in the corporation.

(b)The articles or bylaws may confer some or all of the rights of a member, set forth in this part, upon any person or persons who do not have any of the voting rights referred to in subdivision (a).

(c)Where a member of a corporation is not a natural person, such member may authorize in writing one or more natural persons to vote on its behalf on any or all matters which may require a vote of the members.

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Legislative history

Amended by Stats. 2015, Ch. 192, Sec. 7. (AB 816) Effective January 1, 2016.