California Corporations Code

§ 9142

CORP § 9142Div. 2 · Title 1 · Part 4 · Ch. 1 · Art. 4

Statute text

(a)Notwithstanding Section 9141, any of the following may bring an action to enjoin, correct, obtain damages for or to otherwise remedy a breach of a trust under which any or all of the assets of a corporation are held:

(1)The corporation, a member, or a former member asserting the right in the name of the corporation, provided that for the purpose of this paragraph the provisions of Section 5710 shall apply to such action.

(2)An officer of the corporation.

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Legislative history

Amended by Stats. 1982, Ch. 242, Sec. 1.