ARTICLE 5. Corporation Board

Article 5 added by Stats. 2013, Ch. 537, Sec. 2.

§§ 14013–14017 · 5 sections

• § 14013 The corporate powers of a corporation shall be exercised by its board of directors.
• § 14014 The bank shall enter into a contract with each corporation that shall require that: (a) A person may not serve on a corporation’s board of directors who is not…
• § 14015 If any director ceases to meet the qualifications established in Section 14014, he or she shall immediately vacate his or her position as a director and the…
• § 14016 If any vacancy occurs in the elective membership of the board of directors through death, resignation, or otherwise, the remaining directors shall elect a…
• § 14017 The bank board shall direct the program manager to establish new small business financial development corporations pursuant to the directives and requirements.…