California Law (Last Updated: March 4, 2014) |
Corporations Code - CORP |
Title 1. CORPORATIONS |
Division 3. CORPORATIONS FOR SPECIFIC PURPOSES |
Part 2. CONSUMER COOPERATIVE CORPORATIONS |
Chapter 2. Directors and Management |
ARTICLE 3. Standards of Conduct |
Section 12374.
Latest version.
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Interested or common directors may be counted in determining the presence of a quorum at a meeting of the board or a committee thereof which authorizes, approves or ratifies a contract or transaction as provided in Section 12373.
(Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)