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California Corporations Code

§ 12362

CORP § 12362 Effective Jan 1, 2010Div. 3 · Title 1 · Part 2 · Ch. 2 · Art. 2
(a)Subject to subdivisions (b), (c) and (g), any or all directors may be removed without cause if one of the following applies:
(1)In a corporation with fewer than 50 members, the removal is approved by a majority of all members (Section 12223).
(2)In a corporation with 50 or more members, the removal is approved by the members (Section 12224).

Legislative history

Amended by Stats. 2009, Ch. 631, Sec. 47. (AB 1233) Effective January 1, 2010.

Source: California Corporations Code § 12362 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.