BlackletterCalifornia law

Corporations Code § 12363

ARTICLE 2. Selection, Removal and Resignation of Directors

Current as of September 28, 2026Corp. Code, § 12363Official source ↗

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

The superior court of the proper county may, at the suit of a director, or members possessing 5 percent of the voting power, remove from office any director in case of fraudulent or dishonest acts or gross abuse of authority or discretion with reference to the corporation and may bar from reelection any director so removed for a period prescribed by the court. The corporation shall be made a party to such action.