§ 32350 Corporation Personnel And Legal Counsel

Financial Code·California

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Key Takeaways

•The corporation can hire people and decide what they do, how long they work, and how much they get paid.
•The corporation must make rules for its workers.
•The corporation can hire lawyers if they need help with legal stuff.

Example

A company wants to hire a new worker.

The company can decide what the worker will do, how much they will be paid, and for how long they will work. The company must also have rules for all its workers.

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

Official Source

View on CA.gov

§ 32350 Corporation Personnel And Legal Counsel

(a) The corporation may appoint such agents and employees as it requires, and determine their qualifications, duties, terms of employment, and compensation. The corporation shall adopt personnel rules and regulations applicable to its employees. (b) The corporation may contract for such legal counsel as in its judgment is necessary or advisable to enable it to carry out its purposes. (Added by Stats. 1980, Ch. 819, Sec. 1.)

Last verified: January 23, 2026

Key Terms

corporation judgment employment contract employee regulation compensation

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 32350.

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Example

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References

Key Takeaways

Example

Key Terms

Related Statutes

References