If any director ceases to meet the qualifications established in Section 14014, he or she shall immediately vacate his or her position as a director and the position shall be deemed vacant.
Cal. Corp. Code § 14015
Corporation Board
Known as the California Small Business Financial Development Corporation Law
The act spans §§ 14000–14024 (25 sections).
Added by Stats. 2013, Ch. 537, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.