California Corporations Code

§ 22003

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CORP § 22003Title 3 · Part 3

Statute text

View on leginfo.ca.gov

For the purposes of this part every director of a joint stock association is deemed to possess such knowledge of the affairs of his association as to enable him to determine whether any act, proceeding, or omission of its directors is a violation of this part.

Legislative history

Enacted by Stats. 1947, Ch. 1038.