California Corporations Code ARTICLE 5 - Corporation Board

• Section 14013.
  The corporate powers of a corporation shall be exercised by its board of directors. (Added by Stats. 2013, Ch. 537, Sec. 2. (AB 1247) Effective...
• Section 14014.
  The bank shall enter into a contract with each corporation that shall require that:(a) A person may not serve on a corporation’s board of directors who...
• Section 14015.
  If any director ceases to meet the qualifications established in Section 14014, he or she shall immediately vacate his or her position as a director...
• Section 14016.
  If any vacancy occurs in the elective membership of the board of directors through death, resignation, or otherwise, the remaining directors shall elect a person...
• Section 14017.
  The bank board shall direct the program manager to establish new small business financial development corporations pursuant to the directives and requirements. The directives and...

Last modified: October 22, 2018