Cal. Corp. Code § 9240

Current through the 2023 Legislative Session.
Section 9240 - Duties and liabilities
(a) Any duties and liabilities set forth in this article shall apply without regard to whether a director is compensated by the corporation.
(b) Part 4 (commencing with Section 16000) of Division 9 of the Probate Code does not apply to the directors of any corporation.
(c) A director, in making a good faith determination, may consider what the director believes to be:
(1) The religious purposes of the corporation; and
(2) Applicable religious tenets, canons, laws, policies, and authority.

Ca. Corp. Code § 9240

Amended by Stats. 1987, Ch. 923, Sec. 1.4. Operative January 1, 1988, by Sec. 103 of Ch. 923.