§ 8323 Corporate Financial Disclosure Enforcement

Corporations Code·California

AI SummaryVerified

Key Takeaways

•If a company doesn't send important money and info papers to its members, a court can make them do it.
•The court can give more time to send these papers if there's a good reason.
•If the company had no good reason to not send the papers, the court can make them pay for the member's costs, like lawyer fees.

Example

You own part of a small company, but they never send you the yearly money reports they're supposed to.

You can go to court to make them send the reports. If they had no good reason to not send them, the court can make the company pay for your lawyer and other costs.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 8323 Corporate Financial Disclosure Enforcement

(a) The superior court of the proper county shall enforce the duty of making and mailing or delivering the information and financial statements required by this article and, for good cause shown, may extend the time therefor. (b) In any action or proceeding under this section, if the court finds the failure of the corporation to comply with the requirements of this article to have been without justification, the court may award the member reasonable expenses, including attorneys’ fees, in connection with such action or proceeding. (Added by Stats. 1978, Ch. 567.)

Last verified: January 23, 2026

Key Terms

superior court information and financial statements good cause reasonable expenses attorneys’ fees

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 8323.

§ 8323 Corporate Financial Disclosure Enforcement

Corporations Code·California

AI SummaryVerified

§ 8323 Corporate Financial Disclosure Enforcement

Key Takeaways

•If a company doesn't send important money and info papers to its members, a court can make them do it.
•The court can give more time to send these papers if there's a good reason.
•If the company had no good reason to not send the papers, the court can make them pay for the member's costs, like lawyer fees.

Example

You own part of a small company, but they never send you the yearly money reports they're supposed to.

You can go to court to make them send the reports. If they had no good reason to not send them, the court can make the company pay for your lawyer and other costs.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 8323 Corporate Financial Disclosure Enforcement

Last verified: January 23, 2026

Key Terms

superior court information and financial statements good cause reasonable expenses attorneys’ fees

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 8323.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References