California Corporations Code 1604 – In any action or proceeding under Section 1600 or Section 1601, if …
Current as of: 2024 | Check for updates
|
Other versions
In any action or proceeding under Section 1600 or Section 1601, if the court finds the failure of the corporation to comply with a proper demand thereunder was without justification, the court may award an amount sufficient to reimburse the shareholder or holder of a voting trust certificate for the reasonable expenses incurred by such holder, including attorneys’ fees, in connection with such action or proceeding.
(Added by Stats. 1975, Ch. 682.)
Terms Used In California Corporations Code 1604
- 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.