ARTICLE 4. Standards of Conduct [9240. - 9247.]

Article 4 repealed and added by Stats. 1979, Ch. 681.

§§ 9240–9247 · 8 sections

• § 9240 (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…
• § 9241 (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…
• § 9242 (a) Section 9241 governs the duties of directors as to any acts or omissions in connection with the election, selection, or nomination of directors. (b) This…
• § 9243 (a) Except as provided in subdivision (b), for the purpose of this section, a self-dealing transaction means a transaction to which the corporation is a party…
• § 9244 (a) No contract or other transaction between a corporation and any domestic or foreign corporation, firm or association of which one or more of its directors…
• § 9245 (a) Subject to the provisions of Section 9241, directors of a corporation who approve any of the following corporate actions shall be jointly and severally…
• § 9246 (a) For the purposes of this section, “agent” means any person who is or was a director, officer, employee or other agent of the corporation, or is or was…
• § 9247 (a) There shall be no personal liability for monetary damages to a third party on the part of a volunteer director or volunteer executive officer of a…