Cal. Corp. Code § 12374

Current through the 2024 Legislative Session.

Section 12374 - Counting of interested or common directors

Interested or common directors may be counted in determining the presence of a quorum at a meeting of the board or a committee thereof which authorizes, approves or ratifies a contract or transaction as provided in Section 12373.

Ca. Corp. Code § 12374

Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.