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https://www.martindale.com/legal-news/article_phillips-nizer-llp_2175920.htm
Personal Liability of Directors and Officers of a U.S. Corporation (Summer 2014) - Are directors and officers of a U.S. corporation personally liable for corporate liabilities? Generally not, but there are exceptions to every rule and nobody is prevented from suing directors or officers anyway. ... Persönliche Haftung von Directors und ...
https://www.morganlewis.com/pubs/2012/01/california-business-judgment-rule-does-not-shield-corporate-officers-from-personal-liability
The court also cited specific California legislative committee comments relating to the original adoption of Section 309(a) that suggest that the drafters intentionally omitted officers from the standard of care protections set forth in the statute on grounds that directors, with limited knowledge of the daily affairs of the corporation, should be afforded the right to rely on …
https://steventhal.com/files/ZurInformation-PersonlicheHaftungvonDirectorsundOfficers-Sommer2014.pdf
Persönliche Haftung von Directors und Officers einer U.S.-Corporation Die Business Judgment Rule schränkt die persönliche Haftung der Directors und Officers dahingehend ein, dass sorgfältig und vernünftig getroffene unternehmerische Entscheidungen grundsätzlich durch das Gericht nicht hinterfragt werden.
https://racohenlawfirm.com/california-corporate-officers-your-business-judgment-wont-spare-you-from-an-actual-judgment/
Natomas Co. (1989) 208 Cal.App.3d 1250. California corporate officers must be cognizant that they have exposure for their corporate decisions because they are not protected by the business judgment rule. Prudent and thoughtful decision-making is one way for officers to protect themselves, but so too is a comprehensive Directors’ and Officers ...
https://danashultz.com/2020/01/13/california-corporate-officers-are-employees/
https://www.justia.com/criminal/docs/calcrim/400/450/
Justia - California Criminal Jury Instructions (CALCRIM) (2022) 450. Liability of Corporate Officers and Agents: Single Theory of Liability - Free Legal Information - Laws, Blogs, Legal Services and More
https://www.stimmel-law.com/en/articles/indemnification-corporate-agents-california-criteria
The Basic Law: California law restricts when a corporation may offer indemnity to one of its agents. Authorization of Indemnification. CA Corp. Code§ 317 (e) recites that indemnification requires a finding by the Board of Directors that indemnification of the agent is proper in the circumstances because the agent has met the applicable ...
https://www.stimmel-law.com/en/articles/minimum-number-directors-officers-california-corporation
As seen in our web article, Corporate Struggles: Who Has Power When Push Comes to Shove, the Board of Directors is the true governing body of a California corporation, making most of the strategic decisions for the company including hiring or firing the officers who run the company on a day to day basis. The shareholders elect the Directors but the Directors run the company.
https://danashultz.com/2013/09/06/required-officers-california-corporations-are-unique/
Among the states, California law is unique in its set of required officers. California Corporations Code Section 312 (a) states that each California corporation must have: A chairman of the board or a president or both; A secretary; and. A …
https://www.upcounsel.com/how-to-change-officers-of-a-corporation-in-california
When adding officers or directors to a California C corporation, an incorporator must appoint an individual. At the initial board of directors meeting, members can also appoint officers and authorize issuance of stock. Corporations must also file the statement of information. They can do this once they have officers with the authority to sign the document.
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