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California Corporations Code

§ 2306

CORP § 2306Div. 1 · Title 1 · Ch. 23

Statute text

View on leginfo.ca.gov
Section 317 of the new law governs any proposed indemnification by a corporation after the effective date, whether the events upon which the indemnification is based occurred before or after the effective date. Any statement relating to indemnification contained in the articles or bylaws of a corporation on the effective date shall not be construed as limiting the indemnification permitted by Section 317 unless it is expressly stated as so intended.

Legislative history

Added by Stats. 1975, Ch. 682.

Source: California Corporations Code § 2306 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.