If any vacancy occurs in the elective membership of the board of directors through death, resignation, or otherwise, the remaining directors shall elect a person representing the appropriate category to fill the vacancy for the unexpired term.
Cal. Corp. Code § 14016
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.