ARTICLE 4. California Ocean Science Trust

Heading of Article 4 amended by Stats. 2022, Ch. 208, Sec. 5.

§§ 36990–36995 · 6 sections

• § 36990 (a) The Secretary of the Natural Resources Agency may enter into an agreement with an existing nonprofit corporation with broad experience as the trustee of…
• § 36991 The trust shall be subject to the Nonprofit Public Benefit Corporation Law, Part 2 (commencing with Section 5110) of Division 2 of Title 1 of the Corporations…
• § 36992 The trust shall have 10 trustees, who shall be appointed as follows: (a) The Secretary of the Resources Agency shall appoint the following trustees, who shall…
• § 36993 (a) Any person who might reasonably be expected at some time to derive a direct financial benefit from the activities of the trust shall be ineligible to serve…
• § 36994 (a) The trust shall do all of the following: (1) Expend funds only for the purposes of the trust enumerated in Section 36990 and as further restricted by the…
• § 36995 (a) The trust may seek the assistance of advisers, form advisory committees, or otherwise consult with knowledgeable individuals in regard to the business of…