Ca_Law

statute | California

Financial Code - FIN - FIN § 32352.5

  • UIDca_leginfo_codes:fin-32352-5
  • CitationFinancial Code - FIN - FIN § 32352.5
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) If the corporation becomes a small business development corporation pursuant to Section 32352, the official and public members of the board of directors shall, within 30 days thereafter, appoint three additional directors to the board, who shall be residents of the region to

Text

(a)
If the corporation becomes a small business development corporation pursuant to Section 32352, the official and public members of the board of directors shall, within 30 days thereafter, appoint three additional directors to the board, who shall be residents of the region to be served by the corporation when acting as a small business development corporation.
(b)
For purposes of this section, the three regional directors appointed pursuant to subdivision (a) shall be
appointed by the official and public members of the board as full voting members of the board.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 32352.5

    (a) If the corporation becomes a small business development corporation pursuant to Section 32352, the official and public members of the board of directors shall, within 30 days thereafter, appoint three additional directors to the board, who shall be residents of the region to be served by the corporation when acti…