California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 9 - Real Estate Investment Trusts
Section 260.140.90 - Amendment of Declaration of Trust

The declaration of trust should provide that no amendment thereto may be made unless approved by the vote or written consent of the holders of a majority of the voting securities of the trust; except that no amendment which would change any rights with respect to any outstanding class of securities of the trust, by reducing the amount payable thereon upon liquidation of the trust, or by diminishing or eliminating any voting rights pertaining thereto, may be made unless approved by the vote or written consent of the holders of two-thirds of the outstanding securities of such class.

1. Repealer and renumbering and amendment of former Section 260.140.91 to Section 260.140.90 filed 1-28-82; effective thirtieth day thereafter (Register 82, No. 5).

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.