California § 14009. 14009. (Added by Stats. 2013, Ch. 537, Sec. 2.)

California Statutes

§ 14009. — 14009. (Added by Stats. 2013, Ch. 537, Sec. 2.)

California·Code CORP Corporations Code - CORP·Div. 3.·Title 1. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES·Part 5. PART 5. SMALL BUSINESSES·Ch. 1. CHAPTER 1. California Small Business Financial Development Corporations·Art. 4. ARTICLE 4. New Corporations

(a)Each corporation shall have provisions establishing a grievance procedure for employees, clients, or potential clients, to appeal a decision or obtain redress of an action done by the staff or loan committee of the corporation. The procedures shall be established in writing during the probationary period of a new corporation.

(b)The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
Each corporation shall have provisions establishing a grievance procedure for employees, clients, or potential clients, to appeal a decision or obtain redress of an action done by the staff or loan committee of the corporation. The procedures shall be established in writing during the probationary period of a new corporation.
(b)
The bylaws of the corporation shall authorize the removal of officers only by a two-thirds vote of the directors of the corporation.

California § 14009. (14009. (Added by Stats. 2013, Ch. 537, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 2013, Ch. 537, Sec. 2. (AB 1247) Effective October 4, 2013.

View on official source ↗