Cal. Corporations Code § 9240
Cal. Corporations Code § 9240
California · California Corporations Code · Status: effective
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- Citation
- Cal. Corporations Code § 9240, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792087
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Full text
(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:
(1) The religious purposes of the corporation; and
(2) Applicable religious tenets, canons, laws, policies, and authority.