Corp. Code, § 12476 · Article 2. Additional Provisions Relating to Election of Directors

Corp. Code, § 12476

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

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

Notes and commentary — not statutory text

History

Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP&sectionNum=12476.
Text hash: sha256 e1b32d437e2b21eec2faa89df83c70433a1127ac0b6392d27f777c2171b76160
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.