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Cal. Corporations Code § 12230

Cal. Corporations Code § 12230

California · California Corporations Code · Status: effective

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Cal. Corporations Code § 12230, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792264
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“Class” refers to those memberships which: (a) are identified in the articles or bylaws as being a different type of membership; or (b) have the same rights with respect to voting, dissolution, redemption, distributions and transfer. For the purpose of this section, rights shall be considered the same if they are determined by a formula applied uniformly.