ARTICLE 2. Selection, Removal and Resignation of Directors [5220. - 5227.]

Article 2 added by Stats. 1978, Ch. 567.

§§ 5220–5227 · 8 sections

• § 5220 (a) Except as provided in subdivision (d), (e), or (f), directors shall be elected for terms of not longer than four years, as fixed in the articles or bylaws.…
• § 5221 (a) The board may declare vacant the office of a director who has been declared of unsound mind by a final order of court, or convicted of a felony, or been…
• § 5222 (a) Subject to subdivisions (b) and (f), any or all directors may be removed without cause if: (1) In a corporation with fewer than 50 members, the removal is…
• § 5223 (a) The superior court of the proper county may, at the suit of a director, or twice the authorized number (Section 5036) of members or 20 members, whichever…
• § 5224 (a) Unless otherwise provided in the articles or bylaws and except for a vacancy created by the removal of a director, vacancies on the board may be filled by…
• § 5225 (a) If a corporation has an even number of directors who are equally divided and cannot agree as to the management of its affairs, so that its activities can…
• § 5226 Except upon notice to the Attorney General, no director may resign where the corporation would then be left without a duly elected director or directors in…
• § 5227 (a) Any other provision of this part notwithstanding, not more than 49 percent of the persons serving on the board of any corporation may be interested…