(Effective January 1, 2025, unless otherwise stated.) by Marcela Musilek AB-2460 Lowered Quorum in the Regular or Recall Director Election. (Civil Code § 5115 and Corporations Code § 7512) Assembly Bill 2460 is intended to clarify the 2023 AB1458, which created a method of reducing quorum to 20% of the association’s voting power. Applicable to the regular or recall director elections, this bill eases the quorum restraints that previously prevented the election of new directors. …
