§ 12694 Corporate Chief Financial Officer

Corporations Code·California

AI SummaryVerified

This law says that for certain companies, the person who handles the money is treated as the chief financial officer unless the company's paperwork says otherwise.

Key Takeaways

•The treasurer acts as the chief financial officer by default.
•Only the company's articles or bylaws can change this rule.
•The rule applies to the types of corporations listed in the law.

Example

A small business that makes toys has a treasurer who manages its finances.

Because the company fits the rule, the treasurer is considered the chief financial officer, so the company must follow the same reporting rules that apply to a chief financial officer.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 12694 Corporate Chief Financial Officer

Subdivision (a) of Section 12353 of the new law shall apply to subject corporations, but the treasurer of these corporations shall be deemed to be the chief financial officer unless otherwise provided in the articles or bylaws. (Amended by Stats. 2009, Ch. 631, Sec. 50. (AB 1233) Effective January 1, 2010.)

Last verified: January 10, 2026

Key Terms

subject corporations chief financial officer articles or bylaws

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 12694.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References