ARTICLE 2. Selection, Removal and Resignation of Directors [12360. - 12364.]

Article 2 added by Stats. 1982, Ch. 1625, Sec. 3.

§§ 12360–12364 · 5 sections

• § 12360 (a) Except as provided in subdivision (d), directors shall be elected for terms of not longer than four years, as fixed in the articles or bylaws. In the…
• § 12361 The board may declare vacant the office of a director whose eligibility for election as a director has ceased, or who has been declared of unsound mind by a…
• § 12362 (a) Subject to subdivisions (b), (c) and (g), any or all directors may be removed without cause if one of the following applies: (1) In a corporation with…
• § 12363 The superior court of the proper county may, at the suit of a director, or members possessing 5 percent of the voting power, remove from office any director in…
• § 12364 (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…