BlackletterCalifornia law

Corporations Code § 12404

ARTICLE 1. Issuance of Memberships

Current as of September 28, 2026Corp. Code, § 12404Official source ↗

Amended by Stats. 2015, Ch. 192, Sec. 14. (AB 816) Effective January 1, 2016.

Except as permitted in Sections 12314 and 12404.5, the voting power of members having voting rights shall be equal.