Ca_Law

statute | California

Financial Code - FIN - FIN § 14452.5

  • UIDca_leginfo_codes:fin-14452-5
  • CitationFinancial Code - FIN - FIN § 14452.5
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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 exists due to the expiration of the term of a director shall be filled only by the members of a credit union. (b) If the boar

Text

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 exists due to the expiration of the term of a director shall be filled only by the members of a credit union.
(b)
If the board of directors elects a director to fill a vacancy, the director so elected shall hold office only until the next annual meeting at which time the members
shall elect a director to hold office until the expiration of the term for which elected.
(c)
If the members elect a director to fill a vacancy, the director so elected shall hold office until the expiration of the term for which elected.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 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 exists due to the expiration of the term of a director shall be filled only by the members of a credit union. (b) If the board of directors elects a director to…