Cal. CORP § 5526
This is the official text of Cal. CORP § 5526, part of California’s Corporations Code — governs the formation and operation of corporations, LLCs, and partnerships, and regulates securities.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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