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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.
Cite this article: FindLaw.com - California Code, Corporations Code - CORP § 7813 - last updated January 01, 2019 | https://codes.findlaw.com/ca/corporations-code/corp-sect-7813.html
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