§ 12238
246 words·~1 min read·
/ca/corporations-code/12238A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)“Member” means any person who, pursuant to a specific provision of a corporation’s articles or bylaws, has the right to vote for the election of a director or directors, or possesses proprietary interests in the corporation.
(b)The articles or bylaws may confer some or all of the rights of a member, set forth in this part, upon any person or persons who do not have any of the voting rights referred to in subdivision (a).
(c)Where a member of a corporation is not a natural person, such member may authorize in writing one or more natural persons to vote on its behalf on any or all matters which may require a vote of the members.
(d)A person is not a member by virtue of any of the following:
(1)Any rights such person has as a delegate.
(2)Any rights such person has to designate or select a director or directors.
(3)Any rights such person has as a director.
(e)“Worker-member” means a member of a worker cooperative who is a natural person and also a patron of a worker cooperative.
(f)“Community investor” means a person who is not a worker-member and who holds a share or other proprietary interest in a worker cooperative.
(g)“Worker” means a natural person contributing labor or services to a worker cooperative. “Candidate” means a worker who is being considered for membership in a worker cooperative, as defined in the corporation’s articles or bylaws.