{"code":"FIN","codeName":"Financial Code","section":"6154","citation":"Fin. Code, § 6154","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>If the members or stockholders fail to elect a director to fill each vacancy created by an increase in the number of directors, the current directors may fill the vacancy by electing a director to serve until the next annual meeting of the members or stockholders at which time a director shall be elected to fill the vacancy for the unexpired term for the class of directors in which the vacancy exists.</p>","text":"If the members or stockholders fail to elect a director to fill each vacancy created by an increase in the number of directors, the current directors may fill the vacancy by electing a director to serve until the next annual meeting of the members or stockholders at which time a director shall be elected to fill the vacancy for the unexpired term for the class of directors in which the vacancy exists.","otherVersions":[],"url":"https://blackletter.si/financial-code/directors-6154","source":"California Legislative Information bulk export (pubinfo)"}