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Cal. Corp. Code § 2306

Transition Provisions

Known as the General Corporation Law

The act spans §§ 100–2319 (398 sections).

Added by Stats. 1975, Ch. 682.

Section 317 of the new law governs any proposed indemnification by a corporation after the effective date, whether the events upon which the indemnification is based occurred before or after the effective date. Any statement relating to indemnification contained in the articles or bylaws of a corporation on the effective date shall not be construed as limiting the indemnification permitted by Section 317 unless it is expressly stated as so intended.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.