§ 12372 Director Election Duties

This law says that the rules for what directors must do (or not do) when picking or choosing other directors are covered by another law (Section 12371). It also says this law doesn’t limit or change those rules.

Key Takeaways

•This law points to another law (Section 12371) for the rules on how directors should act when picking new directors.
•It doesn’t add new rules or limit the ones in Section 12371.
•If you’re a director, follow Section 12371 for elections or nominations.

Example

A company is voting for new directors, and one director tries to hide information about a candidate.

The rules for what that director should or shouldn’t do in this situation are covered by Section 12371, not this one.

(a) Section 12371 governs the duties of directors as to any acts or omissions in connection with the election, selection, or nomination of directors. (b) This section shall not be construed to limit the generality of Section 12371. (Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)

Key Takeaways

•This law points to another law (Section 12371) for the rules on how directors should act when picking new directors.
•It doesn’t add new rules or limit the ones in Section 12371.
•If you’re a director, follow Section 12371 for elections or nominations.

Example

A company is voting for new directors, and one director tries to hide information about a candidate.

The rules for what that director should or shouldn’t do in this situation are covered by Section 12371, not this one.

Key Takeaways

Example

Key Terms

References

§ 12372 Director Election Duties

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References