California Corporations Code

§ 7813

CORP § 7813Div. 2 · Title 1 · Part 3 · Ch. 8

Statute text

An amendment must also be approved by the members (Section 5034) of a class, whether or not such class is entitled to vote thereon by the provisions of the articles or bylaws, if the amendment would:

(a)Materially and adversely affect the rights, privileges, preferences, restrictions or conditions of that class as to voting, dissolution, redemption or transfer in a manner different than such action affects another class;

(b)Materially and adversely affect such class as to voting, dissolution, redemption or transfer by changing the rights, privileges, preferences, restrictions or conditions of another class;

…

Legislative history

Amended by Stats. 1981, Ch. 587, Sec. 38.