California Corporations Code

§ 5517

CORP § 5517 Effective Jan 1, 1997Div. 2 · Title 1 · Part 2 · Ch. 5 · Art. 1

Statute text

(a)If the name signed on a ballot, consent, waiver, or proxy appointment corresponds to the name of a member, the corporation if acting in good faith is entitled to accept the ballot, consent, waiver, or proxy appointment and give it effect as the act of the member.

(b)If the name signed on a ballot, consent, waiver, or proxy appointment does not correspond to the record name of a member, the corporation if acting in good faith is nevertheless entitled to accept the ballot, consent, waiver, or proxy appointment and give it effect as the act of the member if any of the following occur:

(1)The member is an entity and the name signed purports to be that of an officer or agent of the entity.

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Legislative history

Added by Stats. 1996, Ch. 589, Sec. 11. Effective January 1, 1997.