Notwithstanding Section 12460, a collective board worker cooperative shall not be required to hold an annual meeting of members.

(Added by Stats. 2015, Ch. 192, Sec. 20. (AB 816) Effective January 1, 2016.)

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.