Cal. Education Code § 72678
Cal. Education Code § 72678
California · California Education Code · Status: effective · Effective 1980-08-31
Cite this
- Citation
- Cal. Education Code § 72678, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/804327
- Permanent ID
ys:prov:804327@1- SHA-256
5a824fdaf6f6458bc72e803e3497e081aa78d5592c65b90c33e17dea7040be04
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
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.