California Health and Safety Code 32505 – The trustee may exercise corporate powers and privileges, and to that …
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The trustee may exercise corporate powers and privileges, and to that end may organize and act as a board of trustees, elect such officers of the board as he may deem necessary, adopt by-laws, and as such board or through such officers transact such business, perform such acts, and exercise such powers as he in writing may provide may be transacted, performed, and exercised by such board.
(Added by Stats. 1953, Ch. 82.)
Terms Used In California Health and Safety Code 32505
- Trustee: A person or institution holding and administering property in trust.