Corp. Code, § 12404 · Article 1. Issuance of Memberships

Corp. Code, § 12404

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

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

Notes and commentary — not statutory text

History

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

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP&sectionNum=12404.
Text hash: sha256 87b19d6578e7562a19f64b376221fddab20583c57db7d7c1d30fa52282bf97e9
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

This section cites

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Corporations Code

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