California Statutes

§ 12360. — 12360. (Amended by Stats. 2018, Ch. 322, Sec. 5.)

California·Code CORP Corporations Code - CORP·Div. 3.·Title 1. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES·Part 2. PART 2. COOPERATIVE CORPORATIONS·Ch. 2. CHAPTER 2. Directors and Management·Art. 2. ARTICLE 2. Selection, Removal and Resignation of Directors
(a)Except as provided in subdivision (d), directors shall be elected for terms of not longer than four years, as fixed in the articles or bylaws. In the absence of any provision in the articles or bylaws, the terms shall be one year. No amendment of the articles or bylaws may extend the term of a director beyond that for which the director was elected, nor may any bylaw provision increasing the terms of directors be adopted without approval of the members.
(b)Unless otherwise provided in the articles or bylaws, each director, including a director elected to fill a vacancy, shall hold office until the expiration of the term for which elected and until a successor has been elected and qualified, unless the director has been removed from office.
(c)The articles or bylaws may prescrib

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California § 12360. (12360. (Amended by Stats. 2018, Ch. 322, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2018, Ch. 322, Sec. 5. (AB 2557) Effective January 1, 2019.
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