California Public Utilities Code

§ 3433

PUC § 3433 Effective Jan 1, 2021Div. 1.7 · Part 3

Statute text

A person who, pursuant to a specific provision of Golden State Energy’s articles or bylaws, has the right to vote for the election of a director, on a disposition of all or substantially all of the assets of a corporation, on a merger, or on a dissolution, shall not be a member of Golden State Energy for purposes of the Nonprofit Public Benefit Corporation Law (Part 2 (commencing with Section 5110) of Division 2 of Title 1 of the Corporations Code), unless the articles or bylaws designate the person as a member.

Legislative history

Added by Stats. 2020, Ch. 27, Sec. 12. (SB 350) Effective January 1, 2021.