Cal. CORP § 13242
This is the official text of Cal. CORP § 13242, part of California’s Corporations Code — governs the formation and operation of corporations, LLCs, and partnerships, and regulates securities.
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Official statutory text
The by-laws may provide:
(a) The number of members constituting a quorum.
(b) The right of members to vote by proxy or by mail or both, and the conditions, manner, form and effects of such votes; the right of members to cumulate their votes and the prohibition, if desired, of cumulative voting.
(c) The number of directors constituting a quorum.
(d) The qualifications, compensation and duties and term of office of directors and officers and the time of their election.
(e) Penalties for violations of the by-laws.
(a) The number of members constituting a quorum.
(b) The right of members to vote by proxy or by mail or both, and the conditions, manner, form and effects of such votes; the right of members to cumulate their votes and the prohibition, if desired, of cumulative voting.
(c) The number of directors constituting a quorum.
(d) The qualifications, compensation and duties and term of office of directors and officers and the time of their election.
(e) Penalties for violations of the by-laws.
Status: in_force · Read it on the official government site
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