California Corporations Code

§ 7223

CORP § 7223Div. 2 · Title 1 · Part 3 · Ch. 2 · Art. 2

Statute text

(a)The superior court of the proper county may, at the suit of one of the parties specified in subdivision (b), remove from office any director in case of fraudulent or dishonest acts or gross abuse of authority or discretion with reference to the corporation or breach of any duty arising as a result of Section 7238 and may bar from reelection any director so removed for a period prescribed by the court. The corporation shall be made a party to such action.

(b)An action under subdivision (a) may be instituted by any of the following:

(1)A director.

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Legislative history

Amended by Stats. 1981, Ch. 587, Sec. 29.