Corporations Code section 22003

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.

Source: Section 22003, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=22003. (updated Jan. 1, 1947; accessed Dec. 8, 2025).

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Verified:
Dec. 8, 2025

§ 22003's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_22003

Original Source: Section 22003, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=22003. (last accessed May 12, 2025).