California Corporations Code

§ 14014

CORP § 14014 Effective Oct 4, 2013Div. 3 · Title 1 · Part 5 · Ch. 1 · Art. 5

Statute text

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 a resident of, or person conducting business in, the primary service area described in the articles of incorporation.

(b)A corporation’s board of directors shall include representatives from all of the following:

…

Legislative history

Added by Stats. 2013, Ch. 537, Sec. 2. (AB 1247) Effective October 4, 2013.