§ 7523 Corporate Director Nomination Fairness

Corporations Code·California

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Key Takeaways

•Big companies with 500+ members must be fair when they ask for votes for a director.
•If the company uses its own magazine or newsletter to support one candidate, it must give the same space and attention to other candidates too.
•The other candidates can use this space to talk about the election.

Example

A big company with 1000 members sends out a newsletter supporting Jane for director.

The company must also give the same amount of space in the newsletter to John, who is also running for director, so he can talk about why people should vote for him.

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

Official Source

View on CA.gov

§ 7523 Corporate Director Nomination Fairness

Where a corporation with 500 or more members publishes any material soliciting a vote for any nominee for director in any publication owned or controlled by the corporation, the corporation may provide that it shall make available to all other nominees, in the same issue of the publication, an equal amount of space, with equal prominence, to be used by the nominee for a purpose reasonably related to the election. (Amended by Stats. 1996, Ch. 589, Sec. 33. Effective January 1, 1997.)

Last verified: January 23, 2026

Key Terms

corporation with 500 or more members equal amount of space equal prominence reasonably related to the election

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 7523.

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Key Takeaways

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