§ 12222
46 words·~1 min read·
/ca/corporations-code/12222A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Approved by (or approval of) the board” means approved or ratified by the vote of the board or by the vote of a committee authorized to exercise the powers of the board, except as to matters not within the competence of the committee under Section 12352.