California Financial Code ARTICLE 2 - Directors

• Section 14450.
  The credit union shall be directed by a board consisting of an odd number of directors, at least five in number, each of whom shall...
• Section 14451.
  Directors may be elected for a term of three years or less. If directors are elected for terms in excess of one year their terms...
• Section 14452.
  The office of any director shall be declared vacant if such director is absent from three consecutive regular meetings of the board of directors unless...
• Section 14452.5.
  A vacancy on the board of directors shall be filled in accordance with Section 7224 of the Corporations Code, subject to the following:(a) A vacancy that...
• Section 14453.
  The board of directors of every credit union shall have the general management of the affairs, funds, and records of the credit union. The board...
• Section 14454.
  The directors shall hold a meeting of all directors within 10 days after the annual meeting of members pursuant to Section 14804 for the purpose...
• Section 14456.
  Unless the bylaws expressly reserve any or all of the following duties to the members, the directors have all of the following special duties:(a) To act...

Last modified: October 22, 2018