Standards of Conduct
Known as the Nonprofit Mutual Benefit Corporation Law
The act spans §§ 7110–8910 (196 sections).
Amended by Stats. 1987, Ch. 923, Sec. 1.3
(a) Any duties and liabilities set forth in this article shall apply without regard to whether a director is compensated by the corporation.
(b) Part 4 (commencing with Section 16000) of Division 9 of the Probate Code does not apply to the directors of any corporation.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.