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California Financial Code Section 124

Legal Research Home > California Lawyer > Financial Code > California Financial Code Section 124

"Approved by (or approval of) the shareholders" has the
meaning set forth in Section 153 of the Corporations Code and shall
include approval or ratification by the affirmative vote or written
consent of such proportion (including all) greater than a majority of
the shares of any class or series as may be provided in the
articles, in this division, or in Division 1 (commencing with Section
100), Title 1 of the Corporations Code for all or any specified
shareholder action.

Last modified: January 12, 2009