California Corporations Code

§ 7522

CORP § 7522 Effective Jan 1, 2020Div. 2 · Title 1 · Part 3 · Ch. 5 · Art. 2

Statute text

A corporation with 5,000 or more members may provide that, in any election of a director or directors by members of the corporation except for an election authorized by Section 7152 or 7153:

(a)The corporation’s articles or bylaws shall set a date for the close of nominations for the board. The date shall not be less than 50 nor more than 120 days before the day directors are to be elected. No nominations for the board can be made after the date set for the close of nominations.

(b)If more people are nominated for the board than can be elected, the election shall take place by means of a procedure which allows all nominees a reasonable opportunity to solicit votes and all members a reasonable opportunity to choose among the nominees.

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Legislative history

Amended by Stats. 2019, Ch. 858, Sec. 2. (SB 754) Effective January 1, 2020.