Section 6900 Of Chapter 11. Governmental Shareholders From California Government Code >> Division 7. >> Title 1. >> Chapter 11.
6900
. Whenever any governmental body is a shareholder of any
corporation, and a resolution is before the shareholders which will
permit or authorize cumulative voting for directors, such
governmental body shall vote its shares to permit or authorize
cumulative voting.
As used in this section the term "governmental body" means the
state, and any office, department, division, bureau, board,
commission or agency thereof, and all counties, cities, districts,
public authorities, public agencies and other political subdivisions
or public corporations in the state.