ARTICLE 4. Directors [6150. - 6157.]

Article 4 added by Stats. 1983, Ch. 1091, Sec. 2.

§§ 6150–6157 · 8 sections

• § 6150 (a) The business of each association shall be directed by a board of directors elected by ballot by a plurality of the votes of the members or stockholders…
• § 6151 No person shall be eligible for election or shall serve as a director or officer of an association who has been convicted of a criminal offense involving…
• § 6152 (a) A director shall automatically cease to be a director upon becoming the subject of an order for relief in bankruptcy or upon conviction of a criminal…
• § 6153 Directors shall be elected for periods of three years and until their successors are elected and qualified, but provision shall be made for the election of…
• § 6154 If the members or stockholders fail to elect a director to fill each vacancy created by an increase in the number of directors, the current directors may fill…
• § 6155 Whenever the number of directors is changed and vacancies caused by the change are filled, the directors so elected shall be elected to terms in accordance…
• § 6156 (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…
• § 6157 Every savings association subject to the new director or senior executive officer notice requirements of Section 32 of the Federal Deposit Insurance Act (12…