California Statutes
§ 12363. — 12363. (Added by Stats. 1982, Ch. 1625, Sec. 3.)
California·Code CORP Corporations Code - CORP·Div. 3.·Title 1. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES·Part 2. PART 2. COOPERATIVE CORPORATIONS·Ch. 2. CHAPTER 2. Directors and Management·Art. 2. ARTICLE 2. Selection, Removal and Resignation of Directors
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.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 12363. (12363. (Added by Stats. 1982, Ch. 1625, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.