California Corporations Code 9419 – In the absence of fraud, any election, appointment or removal of a …
Current as of: 2024 | Check for updates
|
Other versions
In the absence of fraud, any election, appointment or removal of a director is conclusively presumed valid nine months thereafter if the only defect in the election, appointment or removal is the failure to give notice as provided in this part or in the corporation‘s articles or bylaws.
(Added by Stats. 1979, Ch. 724.)
Terms Used In California Corporations Code 9419
- 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.
- Fraud: Intentional deception resulting in injury to another.