| Definition |
a natural person who serves on the board (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.) CA Civ. Code § 4140 The Corporations Code defines "directors" as natural persons designated...elected or appointed...to act as members of the governing body of the corporation. A person who does not have authority to act as a member of the governing body of the corporation, including through voting rights as a member of the governing body, is not a director. (Amended by Stats. 2015, Ch. 303, Sec. 45. (AB 731) Effective January 1, 2016.) CA Corp. Code § 5047 |
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