Financial Code section 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 so that insofar as possible an equal number of such terms shall expire each year.

Source: Section 14451, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14451. (updated Jan. 1, 1979; accessed Jun. 9, 2025).

14450
14451
14452
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14453
14454
14456

Last Updated

Jan. 1, 1979

§ 14451’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14451

Original Source: Section 14451, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14451. (last accessed May 12, 2025).