Corporations Code § 12476
‹ § 12475§ 12477 ›Open in browserleginfo ↗12476.
Without authorization of the board, no corporation funds may be expended to support a nominee for director after there are more people nominated for director than can be elected.
(Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)