Cal. Pub. Util. Code § 3433

Current through the 2024 Legislative Session.
Section 3433 - Conflict of interest

A person who, pursuant to a specific provision of Golden State Energy's articles or bylaws, has the right to vote for the election of a director, on a disposition of all or substantially all of the assets of a corporation, on a merger, or on a dissolution, shall not be a member of Golden State Energy for purposes of the Nonprofit Public Benefit Corporation Law (Part 2 (commencing with Section 5110) of Division 2 of Title 1 of the Corporations Code), unless the articles or bylaws designate the person as a member.

Ca. Pub. Util. Code § 3433

Added by Stats 2020 ch 27 (SB 350),s 12, eff. 1/1/2021.