{"code":"CORP","codeName":"Corporations Code","section":"7238","citation":"Corp. Code, § 7238","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]","url":"https://blackletter.si/corporations-code/title-1/division-2"},{"name":"PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS [7110. - 8910.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-3"},{"name":"CHAPTER 2. Directors and Management [7210. - 7240.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-3/chapter-2"},{"name":"ARTICLE 3. Standards of Conduct [7230. - 7238.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-3/chapter-2/article-3"}],"history":"Added by Stats. 1978, Ch. 567.","effective":null,"html":"<p>Where a corporation holds assets in charitable trust, the conduct of its directors or of any person performing functions similar to those performed by a director, shall, in respect to the assets held in charitable trust, be governed by the standards of conduct set forth in Article 3 (commencing with Section <a href=\"/corp/5230\">5230</a>) of Chapter 2 of Part 2 for directors of nonprofit public benefit corporations. This does not limit any additional requirements which may be specifically set forth in this part regarding corporations holding assets in charitable trust.</p>","text":"Where a corporation holds assets in charitable trust, the conduct of its directors or of any person performing functions similar to those performed by a director, shall, in respect to the assets held in charitable trust, be governed by the standards of conduct set forth in Article 3 (commencing with Section 5230) of Chapter 2 of Part 2 for directors of nonprofit public benefit corporations. This does not limit any additional requirements which may be specifically set forth in this part regarding corporations holding assets in charitable trust.","otherVersions":[],"url":"https://blackletter.si/corporations-code/standards-of-conduct-7238","source":"California Legislative Information bulk export (pubinfo)"}