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TITLE 3. UNINCORPORATED ASSOCIATIONS 18000-24001.5›PART 3. JOINT STOCK ASSOCIATIONS 22000-22003

§ 22003

California Corporations Code · 2020-11 edition · updated 2026-10-04 · California

For the purposes of this part every director of a joint stock association is deemed to possess such knowledge of the affairs of his association as to enable him to determine whether any act, proceeding, or omission of its directors is a violation of this part.

(Enacted by Stats. 1947, Ch. 1038.)

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California Corporations Code

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