Section 4822 Of Article 3. Other General Provisions From California Financial Code >> Division 1.6. >> Chapter 1. >> Article 3.
4822
. (a) References in this division to the voting of the shares
of a California state depository corporation shall be construed in
accordance with Section 111 of the Corporations Code.
(b) If the articles of a California state depository corporation
provide for more or less than one vote for any share on any matter
that is subject to this division, the references in Sections 139 and
141 (which are made applicable to this division by Section 4805.01)
to a majority or other proportion of shares mean, as to the matter, a
majority or other proportion of the votes entitled to be cast.
(c) Whenever shares of a California state depository corporation
are disqualified under any applicable law from voting on any matter
that is subject to this division, the shares shall not be considered
outstanding for the determination of a quorum at any meeting to act
upon, or the required vote to approve action upon, the matter.