§ 7813
141 words·~1 min read·
/ca/corporations-code/7813A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An amendment must also be approved by the members (Section 5034) of a class, whether or not such class is entitled to vote thereon by the provisions of the articles or bylaws, if the amendment would:
(a)Materially and adversely affect the rights, privileges, preferences, restrictions or conditions of that class as to voting, dissolution, redemption or transfer in a manner different than such action affects another class;
(b)Materially and adversely affect such class as to voting, dissolution, redemption or transfer by changing the rights, privileges, preferences, restrictions or conditions of another class;
(c)Increase or decrease the number of memberships authorized for such class;
(d)Increase the number of memberships authorized for another class;
(e)Effect an exchange, reclassification or cancellation of all or part of the memberships of such class; or
(f)Authorize a new class of memberships.