GroundRules
FIN § 14452.5
Where this section sits in the code
- Financial Code - FIN
- DIVISION 5. CREDIT UNIONS [14000. - 16906.]
- CHAPTER 4. Management and Operations [14400. - 14768.]
- ARTICLE 2. Directors [14450. - 14456.]
A vacancy on the board of directors shall be filled in accordance with Section 7224 of the Corporations Code, subject to the following:
(a) A vacancy that exists due to the expiration of the term of a director shall be filled only by the members of a credit union.
(b) If the board of directors elects a director to fill a vacancy, the director so elected shall hold office only until the next annual meeting at which time the members shall elect a director to hold office until the expiration of the term for which elected.
(c) If the members elect a director to fill a vacancy, the director so elected shall hold office until the expiration of the term for which elected.
Collected 2026-09-14T05:56:33Z. Source file · JSON