BlackletterCalifornia law

Corporations Code § 22003

PART 3. JOINT STOCK ASSOCIATIONS

Current as of September 28, 2026Corp. Code, § 22003Official source ↗

Enacted by Stats. 1947, Ch. 1038.

For the purposes of this part every director of a joint stock association is deemed to possess such knowledge of the affairs of his association as to enable him to determine whether any act, proceeding, or omission of its directors is a violation of this part.