California Financial Code ARTICLE 4 - Directors

• Section 6150.
  (a) The business of each association shall be directed by a board of directors elected by ballot by a plurality of the votes of the members...
• Section 6151.
  No person shall be eligible for election or shall serve as a director or officer of an association who has been convicted of a criminal...
• Section 6152.
  (a) A director shall automatically cease to be a director upon becoming the subject of an order for relief in bankruptcy or upon conviction of a...
• Section 6153.
  Directors shall be elected for periods of three years and until their successors are elected and qualified, but provision shall be made for the election...
• Section 6154.
  If the members or stockholders fail to elect a director to fill each vacancy created by an increase in the number of directors, the current...
• Section 6155.
  Whenever the number of directors is changed and vacancies caused by the change are filled, the directors so elected shall be elected to terms in...
• Section 6156.
  (a) Any vacancy among directors, not filled by the members or stockholders, may be filled by a majority vote of the remaining directors, though less than...
• Section 6157.
  Every savings association subject to the new director or senior executive officer notice requirements of Section 32 of the Federal Deposit Insurance Act (12 U.S.C....

Last modified: October 22, 2018