California Corporations Code

§ 2202

CORP § 2202Div. 1 · Title 1 · Ch. 22

Statute text

Any penalty prescribed by Section 2200 or Section 2201 shall be in addition to any remedy by injunction or action for damages or by writ of mandate for the nonperformance of acts and duties enjoined by law upon the corporation or its directors or officers. The court in which an action for any such penalty is brought may reduce, remit or suspend the penalty on such terms and conditions as it may deem reasonable when it is made to appear that the neglect, failure or refusal was inadvertent or excusable.

Legislative history

Repealed and added by Stats. 1975, Ch. 682.