{"code":"PUC","codeName":"Public Utilities Code","section":"3433","citation":"Pub. Util. Code, § 3433","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.7. Golden State Energy Act [3400. - 3558.]","url":"https://blackletter.si/public-utilities-code/division-1.7"},{"name":"PART 3. Golden State Energy Regulation and Oversight [3430. - 3435.]","url":"https://blackletter.si/public-utilities-code/division-1.7/part-3"}],"history":"Added by Stats. 2020, Ch. 27, Sec. 12.   (SB 350)   Effective January 1, 2021.","effective":"2021-01-01","html":"<p>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.</p>","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.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/golden-state-energy-regulation-and-oversight-3433","source":"California Legislative Information bulk export (pubinfo)"}