§ 9240. — 9240. (Amended by Stats. 1987, Ch. 923, Sec. 1.4.)

California § 9240.

• Jurisdiction: California
• Code CORP: Corporations Code - CORP
• Div.: 2.
• Title 1.: DIVISION 2. NONPROFIT CORPORATION LAW
• Part 4.: PART 4. NONPROFIT RELIGIOUS CORPORATIONS
• Ch. 2.: CHAPTER 2. Directors and Management
• Art. 4.: ARTICLE 4. Standards of Conduct

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.

Legislative History

Amended by Stats. 1987, Ch. 923, Sec. 1.4. Operative January 1, 1988, by Sec. 103 of Ch. 923.