Corporations Code section 12374

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.

Source: Section 12374, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12374. (accessed Apr. 24, 2025).

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12377

Last Updated

Apr. 24, 2025

§ 12374’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_12374

Original Source: Section 12374, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=12374. (last accessed Apr. 24, 2025).