ARTICLE 2. Directors [14450. - 14456.]

Article 2 added by Stats. 1979, Ch. 112.

§§ 14450–14456 · 7 sections

• § 14450 The credit union shall be directed by a board consisting of an odd number of directors, at least five in number, each of whom shall be a member of the credit…
• § 14451 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…
• § 14452 The office of any director shall be declared vacant if such director is absent from three consecutive regular meetings of the board of directors unless excused…
• § 14452.5 A vacancy on the board of directors shall be filled in accordance with Section 7224 of the Corporations Code, subject to the following: (a) A vacancy that…
• § 14453 The board of directors of every credit union shall have the general management of the affairs, funds, and records of the credit union. The board shall meet on…
• § 14454 The directors shall hold a meeting of all directors within 10 days after the annual meeting of members pursuant to Section 14804 for the purpose of electing…
• § 14456 Unless the bylaws expressly reserve any or all of the following duties to the members, the directors have all of the following special duties: (a) (1) To act…