California Corporations Code 5523 – A corporation with 500 or more members may provide that where it …
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A corporation with 500 or more members may provide that where it distributes any written election material soliciting a vote for any nominee for director at the corporation’s expense, it shall make available, at the corporation’s expense to each other nominee, in or with the same material, the same amount of space that is provided any other nominee, with equal prominence, to be used by the nominee for a purpose reasonably related to the election.
(Amended by Stats. 1996, Ch. 589, Sec. 15. Effective January 1, 1997.)
Terms Used In California Corporations Code 5523
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.