California § 7238 - Where a corporation holds assets in charitable trust, the conduct of its director
Full text of California Public Contract Code - PCC § 7238 — Where a corporation holds assets in charitable trust, the conduct of its director, with citation guidance and answers to common questions.
§ 7238. Where a corporation holds assets in charitable trust, the conduct of its director
Where a corporation holds assets in charitable trust, the conduct of its directors or of any person performing functions similar to those performed by a director, shall, in respect to the assets held in charitable trust, be governed by the standards of conduct set forth in Article 3 (commencing with Section 5230) of Chapter 2 of Part 2 for directors of nonprofit public benefit corporations. This does not limit any additional requirements which may be specifically set forth in this part regarding corporations holding assets in charitable trust.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 7238
What does Public Contract Code - PCC § 7238 cover?
Section 7238 ("Where a corporation holds assets in charitable trust, the conduct of its director") 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 § 7238?
A common citation format is "Public Contract Code - PCC § 7238" (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 § 7238 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.