California Corporations Code

§ 5520

CORP § 5520 Effective Jan 1, 1997Div. 2 · Title 1 · Part 2 · Ch. 5 · Art. 2

Statute text

(a)As to directors elected by members, there shall be available to the members reasonable nomination and election procedures given the nature, size and operations of the corporation.

(b)If a corporation complies with all of the provisions of Sections 5521, 5522, 5523, and 5524 applicable to a corporation with the same number of members, the nomination and election procedures of that corporation shall be deemed reasonable. However, those sections do not prescribe the exclusive means of making available to the members reasonable procedures for nomination and election of directors. A corporation may make available to the members other reasonable nomination and election procedures given the nature, size, and operations of the corporation.

Legislative history

Amended by Stats. 1996, Ch. 589, Sec. 12. Effective January 1, 1997.