BlackletterCalifornia law

Financial Code § 14451

ARTICLE 2. Directors

Current as of September 28, 2026Fin. Code, § 14451Official source ↗

Repealed and added by Stats. 1979, Ch. 112.

Directors may be elected for a term of three years or less. If directors are elected for terms in excess of one year their terms of office shall be staggered so that insofar as possible an equal number of such terms shall expire each year.