LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 5Ch. 5§ 14812 Member Meeting Quorum Rules

§ 14812 Member Meeting Quorum Rules

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

§ 14812 Member Meeting Quorum Rules

This rule sets the minimum number of members that must be present for a meeting to be valid.

Key Takeaways

  • •A quorum is the smaller of 10% of total members or 50 members.
  • •If the group is very small, 10% may be the only requirement.
  • •The bylaws can change this rule, but only if they say otherwise.

Example

A local club has 300 members. To hold a meeting, they need at least 30 members (10% of 300) because that is fewer than 50.

The club must have 30 members show up; if fewer are present, the meeting cannot start.

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

Official Source
View on CA.gov

§ 14812 Member Meeting Quorum Rules

Unless otherwise provided in the bylaws, a quorum for a meeting of members shall be 10 percent of the members or 50 members, whichever is less. (Added by Stats. 1980, Ch. 321, Sec. 11.)

Last verified: January 11, 2026

Key Terms

quorummeeting of membersbylaws

Related Statutes

  • § 1171 Bank Trust Company Board Size
  • § 14800 Credit Union Membership Requirements
  • § 14804 Credit Union Annual Meetings
  • § 4922 Conversion Articles Bylaws Approval
  • § 4923 Shareholder Information Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 14812.
View Official Source