Cal. Corp. Code § 7527

Current through the 2023 Legislative Session.

Section 7527 - Action challenging validity of election, appointment, or removal of director

An action challenging the validity of any election, appointment or removal of a director or directors must be commenced within nine months after the election, appointment or removal. If no such action is commenced, in the absence of fraud, any election, appointment or removal of a director is conclusively presumed valid nine months thereafter.

Ca. Corp. Code § 7527

Amended by Stats. 1981, Ch. 587, Sec. 35.