Cal. Corp. Code § 22003

Current through the 2023 Legislative Session.

Section 22003 - Director's knowledge of affairs of association

For the purposes of this part every director of a joint stock association is deemed to possess such knowledge of the affairs of his association as to enable him to determine whether any act, proceeding, or omission of its directors is a violation of this part.

Ca. Corp. Code § 22003

Enacted by Stats. 1947, Ch. 1038.