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HomeCorporations CodeCh. 3Art. 1§ 12404 Equal Voting Power Rule

§ 12404 Equal Voting Power Rule

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 12404 Equal Voting Power Rule

This law says that in most cases, every member who gets to vote in a group has the same amount of voting power.

Key Takeaways

  • •Every member with voting rights usually has the same voting power.
  • •There are some special cases where voting power might not be equal, but this is the general rule.
  • •This applies to groups or organizations where members vote on decisions.

Example

Imagine you and your friends are in a club where you vote on things like what game to play next.

This law means that each of you gets one vote, and no one gets extra votes unless there's a special rule that says so.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 12404 Equal Voting Power Rule

Except as permitted in Sections 12314 and 12404.5, the voting power of members having voting rights shall be equal. (Amended by Stats. 2015, Ch. 192, Sec. 14. (AB 816) Effective January 1, 2016.)

Last verified: January 10, 2026

Key Terms

voting powermembers having voting rightsequal

Related Statutes

  • § 12404.5 Worker Cooperative Voting Rights
  • § 12400 Membership Issuance Consideration Rules
  • § 12401 Membership Certificate Disclosure Rules
  • § 12402 Replacing Lost Membership Certificates
  • § 12403 Corporate Membership Admission Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 12404.
View Official Source