Corporations Code § 12476

ARTICLE 2. Additional Provisions Relating to Election of Directors

Current as of September 28, 2026Corp. Code, § 12476Official source ↗

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

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.