{"code":"FIN","codeName":"Financial Code","section":"6153","citation":"Fin. Code, § 6153","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. SAVINGS ASSOCIATION LAW [5000. - 10009.]","url":"https://blackletter.si/financial-code/division-2"},{"name":"CHAPTER 3. Corporate Administration [6000. - 6477.]","url":"https://blackletter.si/financial-code/division-2/chapter-3"},{"name":"ARTICLE 4. Directors [6150. - 6157.]","url":"https://blackletter.si/financial-code/division-2/chapter-3/article-4"}],"history":"Added by Stats. 1983, Ch. 1091, Sec. 2.","effective":null,"html":"<p>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 of approximately one-third of the board of directors each year.</p>","text":"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 of approximately one-third of the board of directors each year.","otherVersions":[],"url":"https://blackletter.si/financial-code/directors-6153","source":"California Legislative Information bulk export (pubinfo)"}