Legal Question in Business Law in California

Is there an income limit related to compensation of officers in a non-profit mutual benefit corporation?

I read the California Corporations Code and could not find anything but I have heard that there is a $50,000 limit.

Thanks


Asked on 3/01/10, 5:07 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

I couldn't find any dollar limit. In some cases, officers and directors can't be compensated at all unless the members consent, but I found nothing re a dollar limit.

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Answered on 3/07/10, 11:01 pm


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