GroundRules
CORP § 14009
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]
- PART 5. SMALL BUSINESSES [14000. - 14024.]
- CHAPTER 1. California Small Business Financial Development Corporations [14000. - 14024.]
- ARTICLE 4. New Corporations [14005. - 14012.]
(a) Each corporation shall have provisions establishing a grievance procedure for employees, clients, or potential clients, to appeal a decision or obtain redress of an action done by the staff or loan committee of the corporation. The procedures shall be established in writing during the probationary period of a new corporation.
(b) The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.
Collected 2026-09-14T05:56:33Z. Source file · JSON