BlackRock MuniHoldings California Quality Fund classifies board, amends bylaws
The fund's board elected to classify itself, effective November 18, 2021, and approved amended and restated bylaws effective November 2, 2021 to implement the classified structure and change the director election provisions. Under a classified board, directors are divided into classes and not all are elected at the same time, which affects how quickly shareholders can change the board.
Key points
- Board classification takes effect November 18, 2021 under Maryland General Corporation Law.
- Amended and Restated Bylaws are effective November 2, 2021 and amend Article I, Section 11 on director elections.
- The initial classes of directors are listed in Exhibit 99.1, which is not described in the filing text.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2021.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.