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California Corporations Code

§ 12476

CORP § 12476Div. 3 · Title 1 · Part 2 · Ch. 5 · Art. 2

Statute text

View on leginfo.ca.gov
Without authorization of the board, no corporation funds may be expended to support a nominee for director after there are more people nominated for director than can be elected.

Legislative history

Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.

Source: California Corporations Code § 12476 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.