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HomeCorporations CodeCh. 5Art. 2§ 5523 Corporate Director Election Materials

§ 5523 Corporate Director Election Materials

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 5523 Corporate Director Election Materials

Key Takeaways

  • •Big companies with 500 or more members must treat all director candidates fairly when sending out voting materials.
  • •If the company sends out papers asking for votes for one candidate, they must give the same space and importance to all other candidates.
  • •The company has to pay for this equal space for all candidates.
  • •Candidates can use this space to share their ideas related to the election.

Example

A big company with 1,000 members is holding an election for its board of directors. They send out flyers supporting one candidate, giving them a full page to talk about their ideas.

The company must also give every other candidate a full page in the same flyer, with the same size and placement. The company has to pay for this, and the other candidates can use their page to explain why people should vote for them.

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

Official Source
View on CA.gov

§ 5523 Corporate Director Election Materials

A corporation with 500 or more members may provide that where it distributes any written election material soliciting a vote for any nominee for director at the corporation’s expense, it shall make available, at the corporation’s expense to each other nominee, in or with the same material, the same amount of space that is provided any other nominee, with equal prominence, to be used by the nominee for a purpose reasonably related to the election. (Amended by Stats. 1996, Ch. 589, Sec. 15. Effective January 1, 1997.)

Last verified: January 23, 2026

Key Terms

corporation500 or more memberswritten election materialnominee for directorequal prominencereasonably related to the election

Related Statutes

  • § 12473 Corporate Director Nomination Fairness
  • § 5524 Nominee Election Mailing Rights
  • § 7523 Corporate Director Nomination Fairness
  • § 7524 Nominee Election Mailing Rights
  • § 100 Member Director Nomination Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 5523.
View Official Source