ARTICLE 3. Standards of Conduct [7230. - 7238.]

Article 3 added by Stats. 1978, Ch. 567.

§§ 7230–7238 · 10 sections

• § 7230 (a) Any duties and liabilities set forth in this article shall apply without regard to whether a director is compensated by the corporation. (b) Part 4…
• § 7231 (a) A director shall perform the duties of a director, including duties as a member of any committee of the board upon which the director may serve, in good…
• § 7231.5 (a) Except as provided in Section 7233 or 7236, there is no monetary liability on the part of, and no cause of action for damages shall arise against, any…
• § 7232 (a) Section 7231 governs the duties of directors as to any acts or omissions in connection with the election, selection, or nomination of directors. (b) This…
• § 7233 (a) No contract or other transaction between a corporation and one or more of its directors, or between a corporation and any domestic or foreign corporation,…
• § 7234 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,…
• § 7235 (a) Unless prohibited by the articles or bylaws, a corporation may loan money or property to, or guarantee the obligation of, any director or officer of the…
• § 7236 (a) Subject to the provisions of Section 7231, directors of a corporation who approve any of the following corporate actions shall be jointly and severally…
• § 7237 (a) For purposes of this section, “agent” means a person who is or was a director, officer, employee, or other agent of the corporation, or is or was serving…
• § 7238 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…