California Statutes

§ 303. — 303. (Amended by Stats. 1989, Ch. 876, Sec. 3.)

California·Code CORP Corporations Code - CORP·Div. 1.·Title 1. DIVISION 1. GENERAL CORPORATION LAW·Ch. 3. CHAPTER 3. Directors and Management
(a)Any or all of the directors may be removed without cause if the removal is approved by the outstanding shares (Section 152), subject to the following:
(1)Except for a corporation to which paragraph (3) is applicable, no director may be removed (unless the entire board is removed) when the votes cast against removal, or not consenting in writing to the removal, would be sufficient to elect the director if voted cumulatively at an election at which the same total number of votes were cast (or, if the action is taken by written consent, all shares entitled to vote were voted) and the entire number of directors authorized at the time of the director’s most recent election were then being elected.
(2)When by the provisions of the articles the holders of the shares of any class or se

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California § 303. (303. (Amended by Stats. 1989, Ch. 876, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

In Re Teledyne Defense Contracting Derivative Litigation
849 F. Supp. 1369 (C.D. California, 1993)
11 case citations

Legislative History

Amended by Stats. 1989, Ch. 876, Sec. 3.
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