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CALIFORNIA CORPORATE & SECURITIES LAW

What Kind Of California Corporation Must Include A Salary Limitation In Its Articles Or Bylaws?

I suspect that at least a few California corporate lawyers are unaware of a provision in the California Corporations Code requiring the articles or bylaws of certain corporations to contain a limitation on the salaries paid to the persons operating or employed by the corporation, including officers and directors.  If you are guessing that this provision is included…

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