Corporations Code section 5526

Without authorization of the board, no corporate funds may be expended to support a nominee for director after there are more people nominated for director than can be elected.

Source: Section 5526, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=5526. (updated Jan. 1, 1978; accessed Jun. 29, 2026).

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Up to date

Verified:
Jun. 29, 2026

§ 5526's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_5526

Original Source: Section 5526, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=5526. (last accessed May 12, 2025).