California Corporations Code

§ 14623

CORP § 14623 Effective Jan 1, 2012Div. 3 · Title 1 · Part 13 · Ch. 3

Statute text

(a)No person may bring an action or assert a claim against a benefit corporation or its directors or officers under this chapter except in a benefit enforcement proceeding.

(b)A benefit enforcement proceeding may be commenced or maintained only as follows:

(1)Directly by the benefit corporation.

…

Legislative history

Added by Stats. 2011, Ch. 728, Sec. 1. (AB 361) Effective January 1, 2012.