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Current as of January 01, 2025 | Updated by Findlaw Staff
Every local agency in this state owning common stock and whose stock is by contract managed by a fiduciary shall request such fiduciary to forward any proxies for shares owned by the agency which are to be voted in a corporate election to the governing body of such local agency.
“Local agency,” for purposes of this section, includes every county, city, city and county, district, and authority, and each department, division, bureau, board, commission, agency, or instrumentality of any of the foregoing.
Cite this article: FindLaw.com - California Code, Government Code - GOV § 7450 - last updated January 01, 2025 | https://codes.findlaw.com/ca/government-code/gov-sect-7450/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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