BlackletterCalifornia law

Corporations Code § 12404.5

ARTICLE 1. Issuance of Memberships

Current as of September 28, 2026Corp. Code, § 12404.5Official source ↗

Added by Stats. 2015, Ch. 192, Sec. 15. (AB 816) Effective January 1, 2016.

(a) The worker-members of a worker cooperative shall have voting power as provided in subdivision (a) of Section 12253.

(b) Community investors have voting power only as provided in subdivision (c) of Section 12253.