Voting power defined
- Statute:
- California §5078 · Chapter CORP (Nonprofit Mutual Benefit Corporation Law)
- Topic:
- Definitions · Voting power
- Applies to:
- Nonprofit associations
'Voting power' means the power to vote for the election of directors at the time the determination of voting power is made, excluding shares or memberships the corporation holds.
📄 Read the official text at leginfo.legislature.ca.gov →
How SoShiny helps with Voting power defined
SoShiny implements these statutory definitions across the platform — when a section refers to "unit owner," "member," "voting interest," or "official record," SoShiny uses the same definition in the data model.
See the feature → Start freeFrequently asked
- What does California §5078 require?
- 'Voting power' means the power to vote for the election of directors at the time the determination of voting power is made, excluding shares or memberships the corporation holds.
- Who does California §5078 apply to?
- California §5078 applies to Nonprofit associations in California.
- What happens if our nonprofit corporation doesn't comply with §5078?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for California community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of California §5078?
- The official text is published by the California Legislature at leginfo.legislature.ca.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Voting power defined?
- SoShiny implements these statutory definitions across the platform — when a section refers to "unit owner," "member," "voting interest," or "official record," SoShiny uses the same definition in the data model. Learn more →
Not legal advice. This page is a plain-English summary of California §5078 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a California-licensed attorney. For the official statutory text, see the link above.
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