California Corporations Code

§ 9240

CORP § 9240Div. 2 · Title 1 · Part 4 · Ch. 2 · Art. 4

(a)Any duties and liabilities set forth in this article shall apply without regard to whether a director is compensated by the corporation.

(b)Part 4 (commencing with Section 16000) of Division 9 of the Probate Code does not apply to the directors of any corporation.

(c)A director, in making a good faith determination, may consider what the director believes to be:

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Legislative history

Amended by Stats. 1987, Ch. 923, Sec. 1.4. Operative January 1, 1988, by Sec. 103 of Ch. 923.