California Financial Code 32320 – Except as provided in Sections 32325 and 32352.5, the board of …
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Except as provided in Sections 32325 and 32352.5, the board of directors of the corporation shall consist of six members, two official and four public directors.
(Amended by Stats. 2004, Ch. 25, Sec. 4. Effective March 17, 2004.)
Terms Used In California Financial Code 32320
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.