California Corporations Code 5813 – An amendment must also be approved by the members (Section 5034) of a …
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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 materially and adversely affect the rights of that class as to voting or transfer in a manner different than such action affects another class.
(Amended by Stats. 1981, Ch. 587, Sec. 17.)
Terms Used In California Corporations Code 5813
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.