[Kzyxtalk] Correction, Update

[dennisobrien at sharejerusalem.com]

Section 5812 of the Corporations Code applies to the Articles of Incorporation, not the Bylaws.  The controlling statute is Section 5250, which prohibits the Board of Directors from amending the Bylaws to reduce the voting power of the Members.

The Board has asked for three weeks to try to resolve this matter.  All legal action is suspended till after June 10.

Dennis