Statute · California Corporations Code
Cal. Corp. Code § 14023 — Conflict of Interest
Cal. Corp. Code § 14023
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Date
- 2013-10-04
- Current through
- Nov 2, 2026 (California Legislative Counsel)
It shall be unlawful for a member of the bank board or for the executive director, program manager, or any person who is an officer or director of a corporation, or who is an employee of the California Infrastructure and Economic Development Bank to purchase or receive, or to be otherwise…
Citator
Cal. Corp. Code § 14023 — Conflict of Interest is in force in the current edition of the Code, and nothing recorded condemns it.
It shall be unlawful for a member of the bank board or for the executive director, program manager, or any person who is an officer or director of a corporation, or who is an employee of the California Infrastructure and Economic Development Bank to purchase or receive, or to be otherwise interested in the purchase or receipt, directly or indirectly, of any asset of a corporation, without paying to the corporation the fair market value of the asset at the time of the transaction.