{"code":"CORP","codeName":"Corporations Code","section":"12404","citation":"Corp. Code, § 12404","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]","url":"https://blackletter.si/corporations-code/title-1/division-3"},{"name":"PART 2. COOPERATIVE CORPORATIONS [12200. - 12704.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2"},{"name":"CHAPTER 3. Members [12400. - 12446.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2/chapter-3"},{"name":"ARTICLE 1. Issuance of Memberships [12400. - 12405.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2/chapter-3/article-1"}],"history":"Amended by Stats. 2015, Ch. 192, Sec. 14.   (AB 816)   Effective January 1, 2016.","effective":"2016-01-01","html":"<p>Except as permitted in Sections <a href=\"/corp/12314\">12314</a> and <a href=\"/corp/12404.5\">12404.5</a>, the voting power of members having voting rights shall be equal.</p>","text":"Except as permitted in Sections 12314 and 12404.5, the voting power of members having voting rights shall be equal.","otherVersions":[],"url":"https://blackletter.si/corporations-code/issuance-of-memberships-12404","source":"California Legislative Information bulk export (pubinfo)"}