Statute · California Corporations Code
Cal. Corp. Code § 12363 — Selection, Removal and Resignation of Directors
Cal. Corp. Code § 12363
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The superior court of the proper county may, at the suit of a director, or members possessing 5 percent of the voting power, remove from office any director in case of fraudulent or dishonest acts or gross abuse of authority or discretion with reference to the corporation and may bar from…
Citator
Cal. Corp. Code § 12363 — Selection, Removal and Resignation of Directors is in force in the current edition of the Code, and nothing recorded condemns it.
The superior court of the proper county may, at the suit of a director, or members possessing 5 percent of the voting power, remove from office any director in case of fraudulent or dishonest acts or gross abuse of authority or discretion with reference to the corporation 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.