Section 7813.  


Latest version.
  • An amendment must also be approved by the members (Section 5034) of a class, whether or not such class is entitled to vote thereon by the provisions of the articles or bylaws, if the amendment would:

    (a) Materially and adversely affect the rights, privileges, preferences, restrictions or conditions of that class as to voting, dissolution, redemption or transfer in a manner different than such action affects another class;

    (b) Materially and adversely affect such class as to voting, dissolution, redemption or transfer by changing the rights, privileges, preferences, restrictions or conditions of another class;

    (c) Increase or decrease the number of memberships authorized for such class;

    (d) Increase the number of memberships authorized for another class;

    (e) Effect an exchange, reclassification or cancellation of all or part of the memberships of such class; or

    (f) Authorize a new class of memberships.

(Amended by Stats. 1981, Ch. 587, Sec. 38.)