California Laws: Corporations Code Sections 5230-5239

California Laws > Corporations Code

• California Laws: Corporations Code Section 5230
  (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...
• California Laws: Corporations Code Section 5231
  (a) A director shall perform the duties of a director, including duties as a member of any committee of the board upon which the director...
• California Laws: Corporations Code Section 5232
  (a) Section 5231 governs the duties of directors as to any acts or omissions in connection with the election, selection, or nomination of directors. (b)...
• California Laws: Corporations Code Section 5233
  (a) Except as provided in subdivision (b), for the purpose of this section, a self-dealing transaction means a transaction to which the corporation is a...
• California Laws: Corporations Code Section 5234
  (a) No contract or other transaction between a corporation and any domestic or foreign corporation, firm or association of which one or more of its...
• California Laws: Corporations Code Section 5235
  (a) The board may fix the compensation of a director, as director or officer, and no obligation, otherwise valid, to pay such compensation shall be...
• California Laws: Corporations Code Section 5236
  (a) A corporation shall not make any loan of money or property to or guarantee the obligation of any director or officer, unless approved by...
• California Laws: Corporations Code Section 5237
  (a) Subject to the provisions of Section 5231, directors of a corporation who approve any of the following corporate actions shall be jointly and severally...
• California Laws: Corporations Code Section 5238
  (a) For the purposes of this section, "agent" means any person who is or was a director, officer, employee or other agent of the corporation,...
• California Laws: Corporations Code Section 5239
  (a) There shall be no personal liability to a third party for monetary damages on the part of a volunteer director or volunteer executive officer...