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Cal. Corporations Code § 12238

Cal. Corporations Code § 12238

California · California Corporations Code · Status: effective · Effective 2016-01-01

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Cal. Corporations Code § 12238, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792273
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(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.