California § 5235 - The board may fix the compensation of a director, as director or officer, and no
Full text of California Public Contract Code - PCC § 5235 — The board may fix the compensation of a director, as director or officer, and no, with citation guidance and answers to common questions.
§ 5235. The board may fix the compensation of a director, as director or officer, and no
(a) The board may fix the compensation of a director, as director or officer, and no obligation, otherwise valid, to pay such compensation shall be voidable merely because the persons receiving the compensation participated in the decision to pay it, unless it was not just and reasonable as to the corporation at the time it was authorized, ratified or approved. The board shall take other actions that are required by subdivision (g) of Section 12586 of the Government Code, if applicable. (b) In the absence of fraud, any liability under this section shall be limited to the amount by which the compensation exceeded what was just and reasonable, plus interest from the date of payment.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5235
What does Public Contract Code - PCC § 5235 cover?
Section 5235 ("The board may fix the compensation of a director, as director or officer, and no") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 5235?
A common citation format is "Public Contract Code - PCC § 5235" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 5235 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.