Financial Code section 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 exists due to the expiration of the term of a director shall be filled only by the members of a credit union.

(b)

If the board of directors elects a director to fill a vacancy, the director so elected shall hold office only until the next annual meeting at which time the members shall elect a director to hold office until the expiration of the term for which elected.

(c)

If the members elect a director to fill a vacancy, the director so elected shall hold office until the expiration of the term for which elected.

Source: Section 14452.5, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=14452.­5.­ (updated Jan. 1, 1999; accessed Jun. 30, 2025).

Green check means up to date. Up to date

Verified:
Jun. 30, 2025

§ 14452.5's source at ca​.gov