{"code":"FIN","codeName":"Financial Code","section":"6156","citation":"Fin. Code, § 6156","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>(a) Any vacancy among directors, not filled by the members or stockholders, may be filled by a majority vote of the remaining directors, though less than a quorum, 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 director in which the vacancy exists.</p><p>(b) In the event of a vacancy on the board of directors from any cause, the remaining directors shall have full power and authority to continue direction of the association until the vacancy is filled.</p>","text":"(a) Any vacancy among directors, not filled by the members or stockholders, may be filled by a majority vote of the remaining directors, though less than a quorum, 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 director in which the vacancy exists. (b) In the event of a vacancy on the board of directors from any cause, the remaining directors shall have full power and authority to continue direction of the association until the vacancy is filled.","otherVersions":[],"url":"https://blackletter.si/financial-code/directors-6156","source":"California Legislative Information bulk export (pubinfo)"}