{"code":"CORP","codeName":"Corporations Code","section":"14009","citation":"Corp. Code, § 14009","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]","url":"https://blackletter.si/corporations-code/title-1/division-3"},{"name":"PART 5. SMALL BUSINESSES [14000. - 14024.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-5"},{"name":"CHAPTER 1. California Small Business Financial Development Corporations [14000. - 14024.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-5/chapter-1"},{"name":"ARTICLE 4. New Corporations [14005. - 14012.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-5/chapter-1/article-4"}],"history":"Added by Stats. 2013, Ch. 537, Sec. 2.   (AB 1247)   Effective October 4, 2013.","effective":"2013-10-04","html":"<p>(a) Each corporation shall have provisions establishing a grievance procedure for employees, clients, or potential clients, to appeal a decision or obtain redress of an action done by the staff or loan committee of the corporation. The procedures shall be established in writing during the probationary period of a new corporation. </p><p>(b) The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.</p>","text":"(a) Each corporation shall have provisions establishing a grievance procedure for employees, clients, or potential clients, to appeal a decision or obtain redress of an action done by the staff or loan committee of the corporation. The procedures shall be established in writing during the probationary period of a new corporation. (b) The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.","otherVersions":[],"url":"https://blackletter.si/corporations-code/new-corporations-14009","source":"California Legislative Information bulk export (pubinfo)"}