GroundRules
CORP § 14023
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]
- PART 5. SMALL BUSINESSES [14000. - 14024.]
- CHAPTER 1. California Small Business Financial Development Corporations [14000. - 14024.]
- ARTICLE 7. Conflict of Interest [14022. - 14024.]
It shall be unlawful for a member of the bank board or for the executive director, program manager, or any person who is an officer or director of a corporation, or who is an employee of the California Infrastructure and Economic Development Bank to purchase or receive, or to be otherwise interested in the purchase or receipt, directly or indirectly, of any asset of a corporation, without paying to the corporation the fair market value of the asset at the time of the transaction.
Collected 2026-09-14T05:56:33Z. Source file · JSON