§ 6150 (a) The business of each association shall be directed by a …
§ 6151 No person shall be eligible for election or shall serve as a director …
§ 6152 (a) A director shall automatically cease to be a director upon …
§ 6153 Directors shall be elected for periods of three years and until their …
§ 6154 If the members or stockholders fail to elect a director to fill each …
§ 6155 Whenever the number of directors is changed and vacancies caused by …
§ 6156 (a) Any vacancy among directors, not filled by the members or …
§ 6157 Every savings association subject to the new director or senior …

Terms Used In California Codes > Financial Code > Division 2 > Chapter 3 > Article 4 - Directors

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Conviction: A judgement of guilt against a criminal defendant.
  • department: means State Department of Health Services. See California Health and Safety Code 20
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
  • Quorum: The number of legislators that must be present to do business.
  • State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
  • Statute: A law passed by a legislature.