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2017 California Code
Probate Code - PROB
DIVISION 9 - TRUST LAW
PART 4 - TRUST ADMINISTRATION
CHAPTER 2 - Powers of Trustees
ARTICLE 2 - Specific Powers of Trustees
Section 16234.
Universal Citation: CA Prob Code § 16234 (2017)
16234.
With respect to any shares of stock of a domestic or foreign corporation, any membership in a nonprofit corporation, or any other property, a trustee has the power to do any of the following:
(a) Vote in person, and give proxies to exercise, any voting rights with respect to the shares, memberships, or property.
(b) Waive notice of a meeting or give consent to the holding of a meeting.
(c) Authorize, ratify, approve, or confirm any action that could be taken by shareholders, members, or property owners.
(Enacted by Stats. 1990, Ch. 79.)
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