Cal. Corporations Code § 12363

California · California Corporations Code · Status: effective

Cite this

Citation: Cal. Corporations Code § 12363, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792334
Permanent ID: ys:prov:792334@1
SHA-256: d14d300260e7f7ef3340a5f6b20c61fae585bc6098ff070e72f73d79382f3592

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

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.