If (a) a corporation has not issued shares and all the directors resign, die, or become incompetent, or (b) a corporation’s initial directors have not been named in the articles, and all the incorporators resign, die, or become incompetent prior to the election of the initial directors, the superior court of any county may appoint directors of the corporation upon application by any party in interest.
Cal. Corp. Code § 306
Directors and Management
Known as the General Corporation Law
The act spans §§ 100–2319 (398 sections).
Amended by Stats. 2000, Ch. 485, Sec. 6
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.