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LEGISLATIVE ALERT: NEW CALIFORNIA LAW AFFECTS …
www.publiccounsel.orgPUBLIC COUNSEL | COMMUNITY DEVELOPMENT PROJECT | LEGISLATIVE ALERT | DECEMBER 2009 610 SOUTH ARDMORE AVENUE, LOS ANGELES, CA 90005 | TEL: 213.385.2977 | FAX: 213.385.9089 | WWW.PUBLICCOUNSEL.ORG Directors may not vote by proxy Consistent with the fiduciary duties imposed on directors by current California law, AB 1233