Nonprofit Mutual Benefit Corp. Law › CHAPTER 5. Meetings and Voting [7510 - 7527] › ARTICLE 2. Additional Provisions Relating to Election of Directors [7520 - 7527]
California Corporations Code § 7526. Expenditure of Corporate Funds for Nominees
(Added by Stats. 1978, Ch. 567.)
Text current as of August 17, 2026, per California Legislative Information.
Text current as of August 17, 2026, per California Legislative Information.
Without authorization of the board, no corporation funds may be expended to support a nominee for director after there are more people nominated for director than can be elected.
The text of the Nonprofit Mutual Benefit Corporation Law is provided for reference and convenience only, from the California Legislative Information website (leginfo.legislature.ca.gov). It is not legal advice, and the official version of California statutes is published by the state. Statutes may have been amended after the “current as of” date shown above. Consult counsel regarding the application of any statute to your association.