BlackletterCalifornia law

Corporations Code § 12374

ARTICLE 3. Standards of Conduct

Current as of September 28, 2026Corp. Code, § 12374Official source ↗

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

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.