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2012 California Codes
CORP - Corporations Code
TITLE 3 - UNINCORPORATED ASSOCIATIONS [18000 - 24001.5]
PART 3 - JOINT STOCK ASSOCIATIONS
Section 22003


CA Corp Code § 22003 (through 2013 Leg Sess) What's This?
  

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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