Statute · California Corporations Code
Cal. Corp. Code § 12476 — Additional Provisions Relating to Election of Directors
Cal. Corp. Code § 12476
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Without authorization of the board, no corporation funds may be expended to support a nominee for director after there are more people nominated for director than can be elected.
Citator
Cal. Corp. Code § 12476 — Additional Provisions Relating to Election of Directors is in force in the current edition of the Code, and nothing recorded condemns it.
Without authorization of the board, no corporation funds may be expended to support a nominee for director after there are more people nominated for director than can be elected.