California Health and Safety Code 53105 – In order to expedite the startup of the corporation, the four members …
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In order to expedite the startup of the corporation, the four members representing the stockholders shall initially be appointed by the Secretary of the Business, Transportation and Housing Agency. These members will serve until the first stockholders’ meeting, at which point they will be replaced by elected members.
(Added by Stats. 1981, Ch. 1033.)
Terms Used In California Health and Safety Code 53105
- 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.