California Corporations Code

§ 5527

CORP § 5527Div. 2 · Title 1 · Part 2 · Ch. 5 · Art. 2

Statute text

An action challenging the validity of any election, appointment or removal of a director or directors must be commenced within nine months after the election, appointment or removal. If no such action is commenced, in the absence of fraud, any election, appointment or removal of a director is conclusively presumed valid nine months thereafter.

Legislative history

Amended by Stats. 1981, Ch. 587, Sec. 14.