Statute · California Education Code
Cal. Educ. Code § 72678 — Auxiliary Organizations
Cal. Educ. Code § 72678
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Date
- 1980-08-31
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No contract or other transaction entered into by the board of directors of an auxiliary organization is void under the provisions of Section 72677; nor shall any member of such board be disqualified or deemed guilty of misconduct in office under such provisions, if both of the following…
Citator
Cal. Educ. Code § 72678 — Auxiliary Organizations is in force in the current edition of the Code, and nothing recorded condemns it.
No contract or other transaction entered into by the board of directors of an auxiliary organization is void under the provisions of Section 72677; nor shall any member of such board be disqualified or deemed guilty of misconduct in office under such provisions, if both of the following conditions are met:
(a) The fact of such financial interest is disclosed or known to the board of directors and noted in the minutes, and the board thereafter authorizes, approves, or ratifies the contract or transaction in good faith by a vote sufficient for the purpose without counting the vote or votes of such financially interested member or members.
(b) The contract or transaction is just and reasonable as to the auxiliary organization at the time it is authorized or approved.