California Corporations Code

§ 12330

CORP § 12330 Effective Jan 1, 2014Div. 3 · Title 1 · Part 2 · Ch. 1 · Art. 6

Statute text

(a)Except as provided in subdivision (c) and Sections 12331, 12360, 12364, 12462, and 12484, bylaws may be adopted, amended, or repealed by the board unless the action would do any of the following:

(1)Materially and adversely affect the rights or obligations of members as to voting, dissolution, redemption, transfer, distributions, patronage distributions, patronage, property rights, or rights to repayment of contributed capital.

(2)Increase or decrease the number or members authorized in total or for any class.

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Legislative history

Amended by Stats. 2013, Ch. 538, Sec. 4. (AB 1255) Effective January 1, 2014.